The Bank for International Settlements shows a significant decrease in gross market value, as the market returns to pre-pandemic levels and concerns over economic uncertainty subside.
Research from BIS outlined that the thinning of the order book due to automation and FX algo trading could impact market functioning in times of volatility.
Global currency markets reach $6.6 trillion as share in the UK increases, but turnover in the US declines, according to BIS triennial FX survey.
The internet may not be able to handle vast amounts of crypto transactions, according to the Bank for International Settlements claims.
Despite having no legal obligations, FX market participants are expected to fully comply with the Global FX Code of Conduct.
The UK sees its first dip in FX market share in 10 years.