Exchange-traded forex products up in Q4 2009

- Saima Farooqi
- 08 Mar 2010

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BASEL – Exchange-traded foreign exchange products hit record levels in the fourth quarter of 2009, as carry traders returned to the market, reveals research released last week (March 1).

According to the Bank for International Settlements’ (BIS) quarterly review, notional value of turnover in exchange-traded forex products rose by 15% to $8 trillion over the previous quarter. This was also the highest on record. Open interest increased by 11% to $310 billion.

The BIS said growth was particularly

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