FX algos contribute to thinning of order book, BIS report suggests
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.
Tag: BIS
London retains top share of $6.6 trillion global currency markets amid US decline
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.
BIS warns crypto transactions could break the internet
The internet may not be able to handle vast amounts of crypto transactions, according to the Bank for International Settlements claims.
FX market urged to adopt Global Code
Despite having no legal obligations, FX market participants are expected to fully comply with the Global FX Code of Conduct.
Asia steals FX market share from UK
The UK sees its first dip in FX market share in 10 years.