BIS: 'Others' drive growth in FX market
In its quarterly review released on December 12, the BIS confirmed that, for the first time, activity by other financial institutions surpassed transactions between reporting dealers, reflecting a trend that has been evident over the past decade.
“Electronic trading is transforming FX markets and encouraging greater trading by the category of other financial institutions,” said the authors of the BIS report, Michael King and Dagfinn Rime. “The investment by all FX participants in electronic
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