CALDEIRÃO DE BOLSA

Foreign exchange spot turnover rose to $1.5 trillion in April 2010 from $1.0 trillion, an
increase of 48% at current exchange rates

Turnover in outright forwards increased by
31% to $475 billion. Trading in currency swaps also grew strongly, by 39%, albeit from a
much lower level, to $43 billion.

Foreign exchange swaps, the most actively traded foreign exchange instrument by far, are
widely used by banks to raise liquidity across money markets for different currencies.............At
$1.8 trillion (+3%), the level of turnover is largely unchanged from the prior survey

Finally, the use of currency options declined by 2% between surveys, with average daily
turnover of $207 billion in April 2010

http://www.bis.org/publ/rpfxf10t.pdf

Daily average foreign exchange market turnover reached $4 trillion in April 2010, 20% higher than in 2007. This column describes how recent growth is largely due to the increased trading activity of “other financial institutions”, which include high-frequency traders, banks trading as clients of the biggest dealers, and online trading by retail investors.

http://www.voxeu.org/index.php?q=node/5963

<object id="__sse6008712" width="477" height="510"><param name="movie" value="http://static.slidesharecdn.com/swf/doc_player.swf?doc=44418460-db-fx-2011-101202121431-phpapp02&stripped_title=44418460-dbfx2011&userName=StockAnalyst" /><param name="allowFullScreen" value="true"/><param name="allowScriptAccess" value="always"/><embed name="__sse6008712" src="http://static.slidesharecdn.com/swf/doc_player.swf?doc=44418460-db-fx-2011-101202121431-phpapp02&stripped_title=44418460-dbfx2011&userName=StockAnalyst" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="477" height="510" FlashVars="gig_lt=1291464776250&gig_pt=1291464830265&gig_g=2"></embed> <param name="FlashVars" value="gig_lt=1291464776250&gig_pt=1291464830265&gig_g=2" /></object>