The Canadian Foreign Exchange Committee has released its latest survey data showing a divergence with similar economies.
The Canadian Foreign Exchange Committee (CFEC) has released the latest batch of its survey data on the amount of daily foreign exchange trading volumes across multiple FX contracts. With the survey being released two times a year, the latest data encompasses the data for April 2016.
In the Canadian version of the survey the participants are the country’s largest nine banks that are the primary dealers in the market - BAML Canada, Bank of Nova Scotia, BMO Capital Markets, CIBC World Markets, HSBC Bank Canada, National Bank of Canada, RBC Capital Markets, State Street Canada and TD Securities.
The monthly turnover which included spot FX, FX forwards and FX Swaps totaled $1.6 trillion. Looking at average daily volumes (ADVs), total turnover increased by 18.4 per cent to $77.2 billion in April 2016 from last October and by 3 per cent when compared to last year.
The increase in spot FX was marked at 16 per cent to $16.8 billion, while FX forwards rose 10 per cent to $12.7 billion and FX swaps spiked higher by 22 per cent to $47.7 billion.
The total monthly turnover for foreign exchange over-the-counter derivatives which include currency swaps and options amounted to $156.7 billion. Looking at ADV values, the turnover in derivatives rose 42.5 per cent to $7.5 billion. The increase has been materially affected by the revised survey methodology this year, which included not only volumes traded on Canadian desks, but also volumes that have been sold from Canadian desks.
FX swaps were closer to flat and options rose 88 per cent from the month of October 2015. The average daily volumes (ADV) figures were $ 2.7 billion and $ 4.8 billion respectively.
The Canadian turnover in FX trading is highly correlated to the results from the U.S. survey. In contrast to Australia, where activity has been closely correlated to the exchange rate of the local dollar, the survey’s results in Canada are not mirroring the state of the market despite a relatively similar economic structure to the one in Australia.
The Canadian Foreign Exchange Committee (CFEC) has released the latest batch of its survey data on the amount of daily foreign exchange trading volumes across multiple FX contracts. With the survey being released two times a year, the latest data encompasses the data for April 2016.
In the Canadian version of the survey the participants are the country’s largest nine banks that are the primary dealers in the market - BAML Canada, Bank of Nova Scotia, BMO Capital Markets, CIBC World Markets, HSBC Bank Canada, National Bank of Canada, RBC Capital Markets, State Street Canada and TD Securities.
The monthly turnover which included spot FX, FX forwards and FX Swaps totaled $1.6 trillion. Looking at average daily volumes (ADVs), total turnover increased by 18.4 per cent to $77.2 billion in April 2016 from last October and by 3 per cent when compared to last year.
The increase in spot FX was marked at 16 per cent to $16.8 billion, while FX forwards rose 10 per cent to $12.7 billion and FX swaps spiked higher by 22 per cent to $47.7 billion.
The total monthly turnover for foreign exchange over-the-counter derivatives which include currency swaps and options amounted to $156.7 billion. Looking at ADV values, the turnover in derivatives rose 42.5 per cent to $7.5 billion. The increase has been materially affected by the revised survey methodology this year, which included not only volumes traded on Canadian desks, but also volumes that have been sold from Canadian desks.
FX swaps were closer to flat and options rose 88 per cent from the month of October 2015. The average daily volumes (ADV) figures were $ 2.7 billion and $ 4.8 billion respectively.
The Canadian turnover in FX trading is highly correlated to the results from the U.S. survey. In contrast to Australia, where activity has been closely correlated to the exchange rate of the local dollar, the survey’s results in Canada are not mirroring the state of the market despite a relatively similar economic structure to the one in Australia.
EU Parliament Imposes €10,000 Cash Payment Limit in New Anti-money Laundering Legislation
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
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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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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
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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!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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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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