LONDON, October 24, 2013 /PRNewswire/ --
By the numbers: MahiFX Infographic explains core data from BIS Triennial Central Bank Survey of foreign exchange market activity.
MahiFX has released an Infographic 'Global FX Volume Reaches $5.3 Trillion a Day' to powerfully illustrate and explain the preliminary data reported in the global Triennial Central Bank Survey on Foreign Exchange (Forex) market activity coordinated by the Bank for International Settlements (BIS).
(Photo: http://photos.prnewswire.com/prnh/20131024/648443-INFO )
(Photo: http://photos.prnewswire.com/prnh/20121025/570905-a )
Eagerly awaited by Forex market participants, the triennial BIS survey charts the magnitude, structure and trends of the worldwide market that dwarfs the trading volumes of the major stock exchanges combined. Saving interested parties the time and effort required to wade through the raw survey data, the MahiFX Infographic distils the key findings, bringing the important data underpinning the Forex market to life.
The survey reports significant change in the Forex landscape in the past three years with preliminary data revealing a 33% growth in the global FX market, hitting $5.3 trillion in turnover each day (as of April 2013), up from circa $4.0 trillion per day reported in 2010. Retail aggregators account for approximately 3.5% of these volumes - representing an estimated retail FX industry share of at least $186 billion per day.
The MahiFX Infographic depicts the survey's core data and findings on market participants, most influential trading capitals, and top ten traded currencies and volumes in a concise, highly visual and easy to digest set of charts, text and data.
The MahiFX Infographic is freely available here as an embeddable JPG in two sizes (700px and 1000px wide) for those interested in Forex to share on blogs and websites.
The full text of the preliminary BIS Triennial Central Bank Survey global results can be found on the BIS website. Detailed analyses of the results of the 2013 Triennial Survey is set to be published in the December 2013 issue of the BIS Quarterly Review.
Notes for Editors:
About MahiFX
Developed by a team of ex-interbank traders, analysts, statisticians and developers, MahiFX provides FX traders direct access to institutional level execution speeds and spreads through its proprietary-built fully automated pricing and risk management technology. Prices are tradeable - there are no 'from' prices, hidden costs, slippage, re-quotes or minimum trade sizes.
MahiFX offers traders the choice of accessing its institutional quality pricing via its proprietary platform or via MahiFX MetaTrader 4 (MT4). Both trading environments offer the same industry leading spreads, fast instant execution and the ability to leave bids and offers very close to the market.
The platforms are available for desktop, web and mobile and feature extensive customisable charting, a wide range of indicators, social trading features and round-the-clock news and economic updates. MahiFX was named Best Trading System at 13th annual FStech Awards 2013, recognising it as the pre-eminent trading system recently introduced to market.
MahiFX is headed by David Cooney, former global co-head of currency options and e-FX trading at Barclays Capital and responsible for the award winning e-commerce platform BARX and Susan Cooney, former head of e-FX Institutional Sales in Europe for Barclays Capital.
For more information visit us at https://mahifx.com
Contact:
Michele McDermott-Fox
The Top Floor
+44-1625-502545, +44-7729-501-369
michele@thetopflooragency.com
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