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  • UK share of global FX went up to 39% in 2013

    Global FX volume traded on OTC markets for the 1995-to-2013 period saw tremendous growth overall, but the share from the top 10 nations remained intact at roughly 88%, following a dip to 84% during the 2001-to-2004 period. Certain factors, such as the emergence of the euro in 1999, the rise of high frequency trading in the mid-2000s, and the ensuing race toward creating low-latency environments, did create change within the share of top 10 nations. During the 18-year period from 1995 to 2013, the U.K. raised its market share in FX markets by 5.3% points, while Japan’s share fell by 4.1% points and the combined share of Germany and France dropped by 3.6% points based on FX client flows.

    Volume by Region

    UK-share-of-global-FX

    Source: Aite Group ‘Global FX Market Update 2013: Increased Market Transparency, More Competition’, June 2013

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