On Thursday evening, more than 200 foreign-exchange market players from around the world attended the Euromoney FX Survey Awards dinner at Bloomsbury Ballroom.

Investigations into allegations of market fixing in foreign exchange are spreading into the very heart of the business. Those running the world’s biggest FX houses live in fear of what analysis of hundreds of millions of calls and emails will unearth. Do investigators and regulators risk bringing down the axe on a market that has always provided unrivalled liquidity and ultra-tight pricing for clients?

Global FX volume/Global e-FX volume

Global FX volume/Global e-FX volume

Click here to download PDF sample of report

Click here to download PDF sample of report

Click here to download PDF sample of report

Click here to download PDF sample of report

Click here to download PDF sample of report

Click here to download PDF sample of report

Click here to download PDF sample of report

Click here to download PDF

NA continued to account for the second greatest volume of e-FX activity in 2013. 27% of global electronic volumes took place in 2013.

FX market users in LatAm continued to account for the 6th greatest volume of FX activity globally:

FX market users in NA continued to account for the second greatest volume of FX activity globally:

Global FX volume/Global e-FX volume

LatAm continued to account for the 7th greatest volume of e-FX activity in 2013. 1% of global electronic volumes took place in 2013 up from 0.75% in 2012.

The Euromoney Foreign Exchange survey is the most comprehensive quantitative and qualitative annual study available on the FX markets. The FX market is an unregulated OTC market and there are no reliable, aggregated, global statistics made available against which to benchmark the survey outside the BIS studies. The survey also excludes a number of categories of market participant, which means that the total volume reported by the survey is not and not intended to be an accurate reflection of total global foreign exchange activity. Euromoney aims to capture client price-taking activity only and not any interbank/interdealer broking volumes. However, given the geographical and participant-type spread represented by the survey, Euromoney believes that the survey provides an accurate proxy for trends in the major areas of activity polled and accurately discerns the relative performance of the banks ranked, particularly over periods of two or more years.