http://blogs.reuters.com/macroscope/2010/09/01/giant-fx-market-now-4-trillion-gorilla/ Shining a light on the dismal science Wed, 22 May 2013 18:59:06 +0000 hourly 1 http://wordpress.org/?v=3.4.2 http://blogs.reuters.com/macroscope/2010/09/01/giant-fx-market-now-4-trillion-gorilla/comment-page-1/#comment-1928 Natsuko Waki Wed, 01 Sep 2010 13:26:13 +0000 http://blogs.reuters.com/macroscope/?p=4132#comment-1928 I quote the <a href="http://www.bis.org/publ/rpfx10.pdf?noframes=1" rel="nofollow">BIS report </a>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 <strong><em>spot transactions, which represent 37% of foreign exchange market turnover</em></strong>. Spot turnover rose to $1.5 trillion in April 2010 from $1.0 trillion in April 2007." 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.”

]]> http://blogs.reuters.com/macroscope/2010/09/01/giant-fx-market-now-4-trillion-gorilla/comment-page-1/#comment-1925 Toenail 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. “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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