ForexMagnates.com: A $6 Trillion/Day Industry? Rise of the Non-Dealers in FX

Sifting through the Bank of International Settlements (BIS) Triennial FX Survey, arguably the most important trend taking place is the growth of non-dealer bank participation. Within the report, the survey polls participant dealers in regards to trading details such as volumes by currency, counterparty type and region. Topping the list of counterparties was the ‘other financial institution’ segment…