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Foreign exchange trading and settlement: past and present

Author

Listed:
  • John McPartland

Abstract

Since 1989, global foreign exchange turnover (and settlements) has more than tripled, to just over $2 trillion per day. This article expands upon a January 2005 Chicago Fed Letter that described broad clearing and settlement principles, and focuses more specifically on foreign exchange settlement practices, past and present.

Suggested Citation

  • John McPartland, 2006. "Foreign exchange trading and settlement: past and present," Chicago Fed Letter, Federal Reserve Bank of Chicago, issue Feb.
    • Handle: RePEc:fip:fedhle:y:2006:i:feb:n:223
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    File URL: http://www.chicagofed.org/digital_assets/publications/chicago_fed_letter/2006/cflfebruary2006_223.pdf
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    Keywords

    Foreign exchange;

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