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The UK Foreign Exchange and Over-the-Counter Derivatives Markets in April 2004

In April this year, central banks and monetary authorities in 52 countries, including the UK, conducted the latest three-yearly survey of turnover in the markets for foreign exchange (spot, forwards and foreign exchange swaps) and over-the-counter (OTC) currency and interest rate derivatives.

Published on 28 September 2004

The surveys are coordinated on a global basis by the Bank for International Settlements (BIS), with the aim of obtaining comprehensive and internationally consistent information on the size and structure of the corresponding global markets. The Bank of England conducted the UK survey, which covers the business of institutions operating within the UK in these markets.

Press release