April 16, 2024
Finance
Forex trading, derivatives products up in H1
[THE INVESTOR] South Korea’s transactions of foreign exchange and over-the-counter derivatives increased 2 percent in the first half of this year, according to the central bank on Nov. 11.
Trading volume for FX and OTC derivatives products stood at an outstanding US$1.35 trillion as of the end of June compared with $1.32 trillion at end-June 2013, the Bank of Korea said, citing data compiled by the Bank of International Settlements.
The amount accounted for 0.25 percent of the nominal value of the world‘s total FX and OTC derivatives trading, up from 0.19 percent in a previous survey.
Turnover for FX products, including forwards and foreign exchange swaps, rose 32 percent to $659.9 billion as of the end of June from three years earlier, it added.
As of end-June, valuation gains of the trading of such products reached $41.6 billion, up 50 percent from three years ago.
The BIS makes a survey with central banks around the world every three years over foreign exchange and derivatives market activities.
(theinvestor@heraldcorp.com)
Trading volume for FX and OTC derivatives products stood at an outstanding US$1.35 trillion as of the end of June compared with $1.32 trillion at end-June 2013, the Bank of Korea said, citing data compiled by the Bank of International Settlements.
The amount accounted for 0.25 percent of the nominal value of the world‘s total FX and OTC derivatives trading, up from 0.19 percent in a previous survey.
Turnover for FX products, including forwards and foreign exchange swaps, rose 32 percent to $659.9 billion as of the end of June from three years earlier, it added.
As of end-June, valuation gains of the trading of such products reached $41.6 billion, up 50 percent from three years ago.
The BIS makes a survey with central banks around the world every three years over foreign exchange and derivatives market activities.
(theinvestor@heraldcorp.com)
