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.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
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Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
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Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 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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