FX Market Metrics : New Findings Based on CLS Bank Settlement Data

Joel Hasbrouck, Richard M. Levich

Our data include numerical identifiers for counterparties to each trade which allows us to estimate market concentration by currency pair. We find that trading is more concentrated (across participants) in less actively traded currencies, which typically exhibit lower liquidity

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Year of publication:	March 2017
Authors:	Hasbrouck, Joel
Other Persons:	Levich, Richard M. (contributor)
Institutions:	National Bureau of Economic Research (contributor)
Publisher:	Cambridge, Mass : National Bureau of Economic Research
Subject:	Devisenmarkt \| Foreign exchange market \| Welt \| World \| Schätzung \| Estimation \| Maßeinheit \| Unit of measurement \| Marktliquidität \| Market liquidity \| Handelsvolumen der Börse \| Trading volume

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Extent:	1 Online-Ressource
Series:	NBER working paper series ; no. w23206
Type of publication:	Book / Working Paper
Language:	English
Notes:	System requirements: Adobe [Acrobat] Reader required for PDF files Mode of access: World Wide Web Hardcopy version available to institutional subscribers.
Other identifiers:	10.3386/w23206 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

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