The figure of $1.9 trillion US dollars is often cited as the daily trading volume of the Forex market. What is often not presented is where this actual figure comes from. This figure originates from The Bank for international Settlement (BIS) Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity. I know it is a bit of a mouthful. This just means that every three years BIS will carry out a global central bank survey of the Forex and derivatives market. The basic role of the survey is to gauge the size and depth of this Over The Counter market. (more…)
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