06.09.2013 - Central banks, SWFs make up less than 1 pct of FX trade - BIS
Trading by central banks and sovereign wealth funds account for less than 1 percent of the $5.3 trillion (3.40 trillion pounds) a day FX market, while smaller and regional banks make up nearly a quarter, a survey showed on Thursday. Trading by central banks is seen by most FX traders as highly influential, mainly because they tend to deal in large amounts at a time. However, their impact may be less than many think. The Bank for International Settlements' 2013 FX survey showed hedge funds and proprietary trading firms made up around 11 percent of total FX trade, while institutional investors - such as pension funds and insurance companies - also comprised 11 percent...............................................Full Article: Source
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