The 2025 Triennial Central Bank Survey of foreign exchange and over-the-counter interest rate derivatives markets activity reveals that trading in FX markets reached $9.6 trillion per day in April of this year, which is up a significant 28% from 2022. BIS also mentioned in the update that the trading of OTC interest rate derivatives increased 59% to $7.9 trillion each day.The Triennial Survey is said to be the most comprehensive source of information on the size and structure of global FX and OTC interest r ...

Singapore strengthened its position as the world’s third-largest foreign exchange trading hub, with average daily turnover rising 60% to $1.485 trillion in April 2025 from April 2022, the Monetary Authority of Singapore (MAS) said, citing results of the Bank for International Settlements’ 2025 Triennial Central Bank Survey released this week.The city-state’s market share climbed to 11.8% of global FX volumes in April 2025, up from 9.5% three years earlier, keeping it behind the United Kingdom and the United ...