Williams states the FX market has over $9 trillion in daily turnover, making it the largest financial market.
“With over $9 trillion in daily turnover, the FX market is the largest financial market by trading volume.”
Williams states Treasury repo market has over $8 trillion in daily average transaction volume.
“Given the size of the Treasury repo market—with over $8 trillion in daily average transaction volume—and its interconnectedness with other segments of financial markets, sound risk management is critical.”