The Bank for International Settlements ("BIS") published its 2016 Triennial Central Bank Survey of activity in the foreign exchange ("FX") and over-the-counter ("OTC") derivatives markets. The survey demonstrated (i) a decline in FX spot trading for the first time since 2001 (despite escalated activity in FX derivatives), and (ii) an increase in U.S. dollar-denominated instruments trading, which overtook euro-denominated instruments as the most actively traded OTC interest rate derivatives.
Detailed analyses of the survey data will be published in the December 2016 issue of the BIS Quarterly Review, which will be made available on the BIS website.
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