BIS: forex volumes rise to $6.6 trillion as London trading soars

London skyline at sunset
2019 BIS survey: London boosts share of overall forex trading to 43.1%, ahead of New York’s 16.5%

Against a backdrop record of low volatility and heightened trade tensions between the US and China, overall trading volumes in foreign exchange markets rose to a worldwide daily average of $6.6 trillion this year, a 30% increase on the $5.1 trillion figure from 2016, the latest triennial survey published by the Bank for International Settlements (BIS) on September 16 reveals.

The report marks the first rise in forex volumes since 2013, after the drop seen in the 2016 survey.

The BIS report

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