OTC Daily Volume Breaks Trillion Mark, Says BIS Triennial Survey
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BASLE--The Bank for International Settlements (BIS) reports that daily turnover in the over-the-counter (OTC) derivatives market has hit $1.265 trillion per day.
The results are recorded in the latest triennial Central Bank Survey of Global Foreign Exchange and Derivatives Market Activity, which was released earlier this month.
The $1.265 trillion turnover figure marks an increase from the $880 billion recorded for 1995, or 66 per cent once adjustments are made for currency fluctuations against
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