The biggest traders in the foreign exchange markets are ______.

Question

Quizplus · Accepted Answer

Commercial banks are the biggest traders in the foreign exchange markets, accounting for approximately 44% of daily turnover according to a survey by the Bank for International Settlements. Corporations and governments also participate in the forex market but typically on a much smaller scale than commercial banks. Government agencies and individual investors also play a minor role in forex trading.

The Biggest Traders in the Foreign Exchange Markets Are ______