Every six months, leading central banks from around the world publish their foreign exchange results survey. The joint banks published their April 2013 figures, with spot volumes being reported higher across the board.
Every six months, leading central banks from around the world publish their foreign exchange results survey. The survey, is a joint effort of foreign exchange committees from US, UK, Australia, Japan, Singapore and Canadian central banks. The twice a year survey, is based on calculating volume results from participating dealers every April and October. The current volume statistics are based on April 2013 FX trading activity. The survey uses volumes from spot, swap, options, and forwards figures.
The survey data mimicked the outstanding, and often record breaking figures we have seen reported from brokers and banks this year. As a result, every FX committee showed strong growth in FX spot volumes, with the Japanese yen being singled out as the main catalyst for the surge in volumes. As expected, Japan saw the highest gains in spot trading as volumes were fueled by activity in the local currency. However, the strong interest in spot trading, did effect other FX products, with Japan seeing a decline in swaps trading.
The data also showed that the UK continues to hold the dominant position in global FX trading, as participating dealers reported a 37.8% increase in volumes from October 2012, with average daily volumes (ADV) rising to just about $1 trillion (figures based on BIS accounting). In individual currencies, the Bank of England reported that USDJPY volumes rose 129% and accounted for 19.7% of all trading, second only to a 26.6% market share of the EURUSD.
Among other interesting data, the survey members showed FX options seeing strong growth during April. In the UK, FX options trading increased 71% to $185 billion of ADV, and accounted for over 7% of FX volumes, versus around 5% in October 2012. Overall, the joint figures pointed to total volumes well in excess of $4 trillion per day during April 2013. Later this year, the BIS is scheduled to release its triennial FX volume report. Based on the current trends, we would expect the BIS numbers to show record volumes for the 2013 period with consistent trading above $5 trillion a day. The BIS report will be based on findings that are in part calculates from April and June 2013 data.
Commenting on the figures and 2013 growth, Jake Smith, Head of Communications at CLS Group told Forex Magnates "FX is one of the largest and most liquid markets in the world, and the increases on CLS demonstrate the strong level of activity in the currency markets in Q1 2013, in part as a result of the return of Volatility. Just last month CLS recorded its highest daily average for input volumes and values, reflecting the fundamental role it plays in facilitating the evolution of the global FX markets."
Every six months, leading central banks from around the world publish their foreign exchange results survey. The survey, is a joint effort of foreign exchange committees from US, UK, Australia, Japan, Singapore and Canadian central banks. The twice a year survey, is based on calculating volume results from participating dealers every April and October. The current volume statistics are based on April 2013 FX trading activity. The survey uses volumes from spot, swap, options, and forwards figures.
The survey data mimicked the outstanding, and often record breaking figures we have seen reported from brokers and banks this year. As a result, every FX committee showed strong growth in FX spot volumes, with the Japanese yen being singled out as the main catalyst for the surge in volumes. As expected, Japan saw the highest gains in spot trading as volumes were fueled by activity in the local currency. However, the strong interest in spot trading, did effect other FX products, with Japan seeing a decline in swaps trading.
The data also showed that the UK continues to hold the dominant position in global FX trading, as participating dealers reported a 37.8% increase in volumes from October 2012, with average daily volumes (ADV) rising to just about $1 trillion (figures based on BIS accounting). In individual currencies, the Bank of England reported that USDJPY volumes rose 129% and accounted for 19.7% of all trading, second only to a 26.6% market share of the EURUSD.
Among other interesting data, the survey members showed FX options seeing strong growth during April. In the UK, FX options trading increased 71% to $185 billion of ADV, and accounted for over 7% of FX volumes, versus around 5% in October 2012. Overall, the joint figures pointed to total volumes well in excess of $4 trillion per day during April 2013. Later this year, the BIS is scheduled to release its triennial FX volume report. Based on the current trends, we would expect the BIS numbers to show record volumes for the 2013 period with consistent trading above $5 trillion a day. The BIS report will be based on findings that are in part calculates from April and June 2013 data.
Commenting on the figures and 2013 growth, Jake Smith, Head of Communications at CLS Group told Forex Magnates "FX is one of the largest and most liquid markets in the world, and the increases on CLS demonstrate the strong level of activity in the currency markets in Q1 2013, in part as a result of the return of Volatility. Just last month CLS recorded its highest daily average for input volumes and values, reflecting the fundamental role it plays in facilitating the evolution of the global FX markets."
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.
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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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!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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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!
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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