Fiat & FX Intelligence
Institutional-grade analysis of traditional over-the-counter foreign exchange markets, SWIFT integrations, and electronic banking infrastructure
Largest Financial MarketGlobal Currency CoverageInstitutional Infrastructure
OTC FX Market Overview
📊 Reference data from BIS Triennial Central Bank Survey 2022
Trillions
Daily Turnover
Global FX Volume
#1
Market Position
Largest Financial Market
Dominant
Electronic Trading
Majority of Volume
24/5
Coverage
Round-the-Clock Trading
Major Currency Pairs
📊 Currency distribution from BIS Triennial Survey 2025
USD
89.2%Name:US Dollar
Region:Americas
Role:Global Reserve
Usage:Primary Vehicle
EUR
30.6%Name:Euro
Region:Europe
Role:Regional Reserve
Usage:Secondary Vehicle
JPY
16.8%Name:Japanese Yen
Region:Asia-Pacific
Role:Safe Haven
Usage:Carry Trade
GBP
12.9%Name:British Pound
Region:Europe
Role:Historical Reserve
Usage:Financial Center
CNY
8.5%Name:Chinese Yuan
Region:Asia
Role:Emerging Reserve
Usage:Trade Settlement
CAD
6.4%Name:Canadian Dollar
Region:Americas
Role:Commodity Currency
Usage:Resource Trading
Market Segments
Spot Markets
Immediate settlement foreign exchange transactions
Market Role:Largest segment
Settlement:T+2 Settlement
Key Participants:
Commercial BanksCentral BanksHedge FundsCorporations
Forward Markets
Future-dated FX contracts with customized terms
Market Role:Hedging focus
Settlement:Custom Maturity
Key Participants:
Investment BanksAsset ManagersPension FundsInsurance
Swap Markets
Combined spot and forward transactions
Market Role:Dominant volume
Settlement:Simultaneous Exchange
Key Participants:
Prime BrokersMarket MakersInstitutional ClientsCentral Banks
Financial Infrastructure
SWIFT Network
Global financial messaging infrastructure
Coverage:Global reach
Institutions:Thousands of banks
Daily Activity:High-volume messaging
FIX Protocol
Electronic trading communication standard
Coverage:Industry standard
Institutions:Major financial firms
Daily Activity:Real-time trading
CLS Settlement
Continuous Linked Settlement system
Coverage:Major currencies
Institutions:Settlement members
Daily Activity:Multi-trillion daily
Regional Trading Centers
London Hub
43.1%Global FX trading center with European timezone advantage
Timezone:GMT/BST
Key Strengths:
- • Prime brokerage
- • Institutional liquidity
- • Regulatory clarity
- • Time zone coverage
New York Hub
19.4%Americas trading hub with USD dominance
Timezone:EST/EDT
Key Strengths:
- • USD base
- • Corporate flow
- • Federal Reserve
- • Market depth
Singapore Hub
9.4%Asia-Pacific center for emerging market currencies
Timezone:SGT
Key Strengths:
- • Asian currencies
- • Emerging markets
- • Offshore centers
- • Time zone bridge
Tokyo Hub
4.9%Domestic JPY trading and regional coordination
Timezone:JST
Key Strengths:
- • JPY expertise
- • Carry trades
- • Regional banks
- • Central bank policy
ƒXYZ FX Intelligence Platform
Leverage our institutional-grade infrastructure to analyze OTC FX flows, SWIFT patterns, and traditional banking integration with modern DeFi protocols.