Comments on: Giant FX market now $4 trillion gorilla http://blogs.reuters.com/macroscope/2010/09/01/giant-fx-market-now-4-trillion-gorilla/ Shining a light on the dismal science Wed, 16 Nov 2016 01:39:19 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Natsuko Waki http://blogs.reuters.com/macroscope/2010/09/01/giant-fx-market-now-4-trillion-gorilla/comment-page-1/#comment-1928 Wed, 01 Sep 2010 13:26:13 +0000 http://blogs.reuters.com/macroscope/?p=4132#comment-1928 I quote the BIS report page 7: “Global foreign exchange market turnover was 20% higher in April 2010 than in April 2007, with average daily turnover of $4.0 trillion compared to $3.3 trillion. The increase was driven by the 48% growth in turnover of spot transactions, which represent 37% of foreign exchange market turnover. Spot turnover rose to $1.5 trillion in April 2010 from $1.0 trillion in April 2007.”

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By: Toenail http://blogs.reuters.com/macroscope/2010/09/01/giant-fx-market-now-4-trillion-gorilla/comment-page-1/#comment-1925 Wed, 01 Sep 2010 10:43:58 +0000 http://blogs.reuters.com/macroscope/?p=4132#comment-1925 “spot transactions, which represent 37 percent of FX market turnover” – This is ridiculous. FX is spot + outright forwards, full stop. You have no clue whatsoever about what you are supposedly covering. Get another job.

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