# The case for trade surveillance in FX and fixed-income markets

A central bank’s role is to provide its nation’s currency with price stability by controlling inflation and achieving steady GDP growth. As part of their mandates, central banks are among the governmental and independent bodies that set foreign exchange and interest rate benchmarks and supervise trading worldwide. About $6.6 trillion is traded in the foreign exchange market daily, and the combined notional outstanding of the global government and corporate bond markets is around$128.3 trillion.

This whitepaper explores the essential need for central banks to monitor activity for signs of market abuse, which has a negative impact on the economy and society.