FX down 20%, says BIS


BASEL -- Average global daily turnover in the forex market shrunk 20% in three years to $1.2 trillion in April 2001, the Bank for International Settlements (BIS) announced last week.

The slump -- down from a record high of $1.5 trillion daily in 1998 -- is the first time the BIS's triennial surveys have recorded a decline in forex activity.

The BIS blames three factors that have characterised the forex market since 1998 -- the introduction of the euro, which eliminated trading in 12 legacy E

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: