Global Derivatives Turnover Hits $362 Billion Per Day, Reports BIS
BASLE--Global turnover in OTC derivatives has risen to an average of $362 billion per day, according to preliminary results of the triennial foreign exchange and derivatives survey conducted by the Bank for International Settlements (BIS). The latest turnover figure compares to $196 billion in 1995, representing an annualized growth rate of 23 per cent.
The BIS survey collates together national turnover figures released last month by 43 central banks (RMO, October 5). The BIS collects snapshot
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