Work

The anatomy of the global FX market through the lens of the 2013 Triennial Survey

Year: 2013

Type: article

Abstract: Trading in the FX market reached an all-time high of $5.3 trillion per day in April 2013, a 35% increase relative to 2010. Non-dealer financial institutions, including smaller banks, institutional investors and hedge funds, have grown into the largest and most active counterparty segment. The once clear-cut divide between inter-dealer and customer trading is gone. Technological change has increased the connectivity of participants, bringing down search costs. A new form of "hot potato" trading has emerged where dealers no longer play an exclusive role.

Source: RePEc: Research Papers in Economics

Authors: Dagfinn Rime, Andreas Schrimpf

Institutions: BI Norwegian Business School, Bank for International Settlements

Language: English

Topic: Financial Markets and Investment Strategies

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W1762637017

FWCI: 8.163

Cites: 9

Cited by: 39

Related to: 10