• 1. Introduction
  • 2. BIS Triennial Central Bank Survey
  • 3. Turnover by year: rapid growth of activity
  • 4. Turnover by counterparty: large share of interdealer activity
  • 5. Turnover by currency pair: USD as a vehicle currency
  • 6. Turnover by location: low participation by non-residents
  • 7. Turnover by instrument: the fragmentation of derivatives trading
  • 8. Conclusions