In April, the Bank of Canada and 51 other central banks and monetary authorities conducted the latest triennial survey of turnover activity in the foreign exchange (FX) and over-the-counter (OTC) derivative markets in their respective countries. The Bank for International Settlements (BIS) coordinated this global effort to obtain global, comprehensive and consistent information on the size and structure of the FX and OTC derivatives markets.

The Bank of Canada released the summary results of its survey today, as did many other participating central banks. In addition, the BIS issued a press release summarizing the highlights of global aggregate turnover. All dealers in Canada active in the wholesale FX and OTC derivative markets were surveyed.

For FX, the survey covered spot transactions, full forwards, FX swaps, currency swaps and over-the-counter FX options. The interest rate products covered were forward rate agreements, interest rate swaps, overnight index swaps and OTC interest rate options.

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