The foreign exchange swap market, which has an average daily trading volume of 4 trillion US dollars, is trying to get rid of its dependence on telephone transactions, and major trading platforms are seeking to automate the foreign exchange market, a field that has relied on manual operation for a long time. According to Bank for International Settlements data, about 56% of foreign exchange swaps have now been completed electronically, compared to about 71% of spot foreign exchange transactions. This gap is most evident in the interbank market, where traders still often rely on voice brokers when dealing with large positions.
Zhitongcaijing · 1d ago
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The foreign exchange swap market, which has an average daily trading volume of 4 trillion US dollars, is trying to get rid of its dependence on telephone transactions, and major trading platforms are seeking to automate the foreign exchange market, a field that has relied on manual operation for a long time. According to Bank for International Settlements data, about 56% of foreign exchange swaps have now been completed electronically, compared to about 71% of spot foreign exchange transactions. This gap is most evident in the interbank market, where traders still often rely on voice brokers when dealing with large positions.
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