Tag: UK

UK

The FX Market’s New Benchmark – $6.6 Trillion

The number used globally to measure the size of the FX market will be set at $6.6 trillion per day after the Bank for International Settlements (BIS) released the results of its Triennial Survey for Foreign Exchange Turnover. The BIS says that globally $6.59 trillion was executed daily across FX products in April 2019, a […]

Kantox Partners with Silicon Valley Bank for Corporates

Kantox has partnered with Silicon Valley Bank (SVB), to offer FX management software to SVB’s corporate clients across the UK. The two firms had an existing relationship prior to this deal as Kantox closed its second venture debt financing deal with SVB for €5 million in April. Many of SVB’s clients’ core industries – which […]

FX Volumes Slightly Lower: Surveys

The latest round of FX committee semi-annual turnover surveys indicate that activity globally dipped slightly in October 2017 from the previous April, but was up year-on-year.
The US was the bright point amongst the surveys, showing a 6.2% rise from April 2017’s level and 7.2% higher than the previous October, while the UK, still easily the world’s largest FX market, saw activity decline by 4.3% from April, however it was up 5.4% year-on-year. Elsewhere, all centres saw slightly higher activity from the April 2017 survey, however Singapore and Canada were up on a year-on-year basis while Japan and Australia declined slightly.