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Foreign exchange trading and settlement: past and present
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.
Keywords: Foreign exchange;
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File(s): File format is application/pdf http://www.chicagofed.org/digital_assets/publications/chicago_fed_letter/2006/cflfebruary2006_223.pdf
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Bibliographic Information
Provider: Federal Reserve Bank of Chicago
Part of Series: Chicago Fed Letter
Publication Date: 2006
Issue: Feb
Order Number: 223