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 cites BIS data showing spot FX up 42 percent since 2022, forwards up 60 percent, options up 109 percent.
“The BIS Triennial Survey showed a 42 percent increase in spot FX activity since 2022.”