Results from the latest semi-annual North America survey show 43% of all transactions are spot FX, 29% swaps, while electronic trading now accounts for more than half of all deals as of April this year.
The newest volumes of The Foreign Exchange Committee’s semi-annual Survey of North American Foreign Exchange Volume has been released this week and the results represent a thorough picture of the state of the foreign exchange market. In April 2014, twenty five major institutions contributed to the research piece unveiling the latest trends in the foreign exchange industry.
There are four categories representing the data points with customer, product, currency pair and Execution sets. Survey data is broken into four FX instruments, thirteen currency pairs, four counterparty types and five execution method categories. For the sake of convenience we have ignored the data from the Argentinian peso, as recent tumultuous developments and the near-default of the country have brought trading volumes in that currency to a halt.
The first chart that we are going to look at lists the total monthly trading volumes against the US dollar. As you can see from the data, there haven't been many surprises here with the main trading activity occurring in the euro, the Japanese yen and the British pound. For the sake of the future of the FX market, we would be very keen to see what the famed Chinese yuan is instead of the Argentinian peso.
Spot transactions remain the preferred instrument for trading currencies with 43% of volumes being trasacted on that market. FX Swaps are coming in second, while forwards are holding the thrid position with 23%. Over-the-counter FX options have represeted 5% of the total volume on the FX market in April.
Moving on to the next chart we are seeing the distribution of FX volumes by execution method. Electronic trading is clearly way ahead here with 41% of transactions going through and electronic brokering adding 11% to that number, totaling more than half of all trades being executed in electronic form. Customer direct trading accounted for 9%. As they say, old habits die hard, so voice orders are surprisingly still rather robust, holding 15% of the market.
Last but not least, reporting dealers have accounted for 20% of transactions, while other dealers have picked up 25%. Almost half of the volumes traded in the month of April 2014 have been accounted to other financial customers, while the representation of non-financial customers has totaled 8%. The full results from the survey are available by clicking on the following link on the website of the New York FED.
The full list of institutions participating in the survey are as follows: Bank of America, Bank of Montreal, The Bank of New York, Bank of Tokyo-Mitsubishi, Barclays Capital, BNP Paribas, Citigroup, Canadian Imperial Bank of Commerce, Calyon, CSFB, Deutsche Bank AG, Goldman Sachs & Co., HSBC Bank USA, JP Morgan Chase Bank, Mizuho Corporate Bank, Morgan Stanley, Royal Bank of Canada, Royal Bank of Scotland, Skandinaviska Enskilda Bank, Société Générale, Standard Chartered, State Street Corporation, Sumitomo Mitsui Banking Corporation, UBS Bank, Wells Fargo Bank N.A.
The newest volumes of The Foreign Exchange Committee’s semi-annual Survey of North American Foreign Exchange Volume has been released this week and the results represent a thorough picture of the state of the foreign exchange market. In April 2014, twenty five major institutions contributed to the research piece unveiling the latest trends in the foreign exchange industry.
There are four categories representing the data points with customer, product, currency pair and Execution sets. Survey data is broken into four FX instruments, thirteen currency pairs, four counterparty types and five execution method categories. For the sake of convenience we have ignored the data from the Argentinian peso, as recent tumultuous developments and the near-default of the country have brought trading volumes in that currency to a halt.
The first chart that we are going to look at lists the total monthly trading volumes against the US dollar. As you can see from the data, there haven't been many surprises here with the main trading activity occurring in the euro, the Japanese yen and the British pound. For the sake of the future of the FX market, we would be very keen to see what the famed Chinese yuan is instead of the Argentinian peso.
Spot transactions remain the preferred instrument for trading currencies with 43% of volumes being trasacted on that market. FX Swaps are coming in second, while forwards are holding the thrid position with 23%. Over-the-counter FX options have represeted 5% of the total volume on the FX market in April.
Moving on to the next chart we are seeing the distribution of FX volumes by execution method. Electronic trading is clearly way ahead here with 41% of transactions going through and electronic brokering adding 11% to that number, totaling more than half of all trades being executed in electronic form. Customer direct trading accounted for 9%. As they say, old habits die hard, so voice orders are surprisingly still rather robust, holding 15% of the market.
Last but not least, reporting dealers have accounted for 20% of transactions, while other dealers have picked up 25%. Almost half of the volumes traded in the month of April 2014 have been accounted to other financial customers, while the representation of non-financial customers has totaled 8%. The full results from the survey are available by clicking on the following link on the website of the New York FED.
The full list of institutions participating in the survey are as follows: Bank of America, Bank of Montreal, The Bank of New York, Bank of Tokyo-Mitsubishi, Barclays Capital, BNP Paribas, Citigroup, Canadian Imperial Bank of Commerce, Calyon, CSFB, Deutsche Bank AG, Goldman Sachs & Co., HSBC Bank USA, JP Morgan Chase Bank, Mizuho Corporate Bank, Morgan Stanley, Royal Bank of Canada, Royal Bank of Scotland, Skandinaviska Enskilda Bank, Société Générale, Standard Chartered, State Street Corporation, Sumitomo Mitsui Banking Corporation, UBS Bank, Wells Fargo Bank N.A.
Interactive Brokers Expands Offerings with Daily Options on French Stocks
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.
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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
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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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
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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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