Data showed statistical announced Bank Delivery International today that trading volumes in the foreign exchange market, "Forex" has been a rise of up to $ 67 trillion by the end June 2012, which represents a 5% increase on the volumes of last year .
The statistical report issued on the development of derivatives markets traded in the secondary market (OTC) that the total size of the derivatives market may decline to reach 639 trillion dollars until the end of June 2012, indicating a decline of 1% from last year. The report attributed the decline in the size of the derivatives market as a result of rise in the U.S. dollar between the end of 2011 and until the end of June 2012 which led to the decline in the value of derivative contracts denominated in Euros, in particular. And led retreats decline in derivative contracts on interest rates, which declined by 2%, while credit derivatives fell by 6% and remained the only increase in the foreign currency trading contracts, which amounted to $ 67 trillion, up 5%.
FX Capitalist
No comments:
Post a Comment