FX Contracts Dominate Trading BIS Derivatives Report Shows

REGULATIONS

The Bank for International Settlements' final report of its first survey of derivatives markets, conducted along with the triennial FX survey last year, shows a worldwide market of $47.5 trillion in notional outstanding contracts in April 1995, with gross market values at about $2.2 trillion outstanding. The BIS has revised these figures upward since it first reported them last fall, after estimates for gaps in reporting. The report shows that total derivatives market turnover in interest-ra