About 11% of the notional amount of outstanding derivatives contracts are now comprised of foreign exchange derivatives, with notional value hitting $75 trillion, while their market value declined to $1.7 trillion.
According to data taken from the Bank of International Settlements' (BIS) over-the-counter (OTC) derivatives markets survey, OTC derivatives markets contracted slightly in the first half of 2014. As many asset classes (including FX) were at a virtual standstill, the results shouldn't come as a big surprise.
The total notional amount of outstanding contracts amounted to $691 trillion as of end-June 2014, which is lower by 3% from $711 trillion at end-2013 and back to a similar level as was reported at the end of June of 2013.
The gross market values of outstanding OTC derivatives continued to trend downwards in the first half of 2014. The gross market value of all contracts totaled $17 trillion at end-June 2014, which is lower by 7% from the $19 trillion at end-2013 and 14% from $20 trillion at end-June 2013.
In contrast to last year’s data, when contraction was primarily due to the decline in values of interest rate derivatives throughout the first half of 2014, the gross market value of foreign Exchange derivatives fell in tandem with interest rate contracts.
The gross market value of foreign exchange derivatives fell to its lowest level in several years. The market value declined to $1.7 trillion at end-June 2014 from $2.3 trillion at end-2013 and $2.4 trillion at end-June 2013. Contracts against the US dollar, which represented 87% of the notional amount outstanding at end-June 2014, and the yen accounted for most of the decline in gross market values.
That being said, foreign exchange derivatives make up the second largest segment of the global OTC derivatives market as the notional amount of outstanding foreign exchange contracts has continued to increase, marking $75 trillion in the first half of 2014, or 11% of the total OTC derivatives activity - a full percentage point higher than in the second half of 2013.
According to information in the report, the instrument composition of foreign exchange derivatives remains roughly unchanged with forwards and foreign exchange Swaps accounting for almost half of the notional amount outstanding, while currency swaps account for the biggest chunk of the gross market value.
Inter-dealer contracts’ market share remained intact, accounting for nearly 50% of contracts with other financial institutions holding the rest.
The survey included outright forwards, foreign exchange swaps, currency swaps and options.
According to data taken from the Bank of International Settlements' (BIS) over-the-counter (OTC) derivatives markets survey, OTC derivatives markets contracted slightly in the first half of 2014. As many asset classes (including FX) were at a virtual standstill, the results shouldn't come as a big surprise.
The total notional amount of outstanding contracts amounted to $691 trillion as of end-June 2014, which is lower by 3% from $711 trillion at end-2013 and back to a similar level as was reported at the end of June of 2013.
The gross market values of outstanding OTC derivatives continued to trend downwards in the first half of 2014. The gross market value of all contracts totaled $17 trillion at end-June 2014, which is lower by 7% from the $19 trillion at end-2013 and 14% from $20 trillion at end-June 2013.
In contrast to last year’s data, when contraction was primarily due to the decline in values of interest rate derivatives throughout the first half of 2014, the gross market value of foreign Exchange derivatives fell in tandem with interest rate contracts.
The gross market value of foreign exchange derivatives fell to its lowest level in several years. The market value declined to $1.7 trillion at end-June 2014 from $2.3 trillion at end-2013 and $2.4 trillion at end-June 2013. Contracts against the US dollar, which represented 87% of the notional amount outstanding at end-June 2014, and the yen accounted for most of the decline in gross market values.
That being said, foreign exchange derivatives make up the second largest segment of the global OTC derivatives market as the notional amount of outstanding foreign exchange contracts has continued to increase, marking $75 trillion in the first half of 2014, or 11% of the total OTC derivatives activity - a full percentage point higher than in the second half of 2013.
According to information in the report, the instrument composition of foreign exchange derivatives remains roughly unchanged with forwards and foreign exchange Swaps accounting for almost half of the notional amount outstanding, while currency swaps account for the biggest chunk of the gross market value.
Inter-dealer contracts’ market share remained intact, accounting for nearly 50% of contracts with other financial institutions holding the rest.
The survey included outright forwards, foreign exchange swaps, currency swaps and options.
Republic First Bank Failure to Cost $667 Million, Estimates FDIC
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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