Businesses see spot FX volumes fall 42% in four years
Research by East & Partners shows a decline in contributions to the FX spot market, particularly from Australian firms
Total spot foreign exchange volumes traded by businesses across Australia, Canada, Singapore, the UK and the US have fallen by around 42% since 2012, a study by East & Partners shows.
The research firm compiled the report, which based its conclusions on responses from more than 14,000 businesses globally, in July and August. It found the contributions from large and small businesses to the FX spot market share have declined over the past four years, with Australian firms experiencing a 75% fall
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