Esma: FX derivatives market worth €112.3 trillion in European Union
Accounting for 19% of transactions, FX is second-largest derivatives market in EU
Foreign exchange represents the second-largest derivatives market in the European Union, with a notional value of €112.3 trillion (£100.01 trillion), according to a study published by the European Securities and Markets Authority (Esma) in what is the first such snapshot of the region’s derivatives market.
Using data reported to six EU trade repositories on February 24, under the reporting requirements of the European Market Infrastructure Regulation (Emir), the study found FX notional accounts
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