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Worldwide Foreign Exchange Industry to 2026 - Featuring Barclays, Citibank and Goldman Sachs Among Others - ResearchAndMarkets.com

June 25, 2021 GMT

DUBLIN--(BUSINESS WIRE)--Jun 25, 2021--

The “Foreign Exchange Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026” report has been added to ResearchAndMarkets.com’s offering.

The global foreign exchange market is expected to grow at a CAGR of 7.5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

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Foreign exchange (FX), or forex, refers to a system that facilitates the transaction of currencies from different countries. It is performed through credit instruments, such as bills of foreign currency, bank drafts and telephonic transfers. The fund transfer functions through an electronic network of banks, financial institutions, brokers and individual traders. Forex also finds extensive applications for transferring funds to support the exchange of various goods and services between nations.

Growing urbanization and digitalization in both the emerging and developed economies are among the key factors driving the growth of the market. The key features of FX, such as minimal trading costs, 24x7 trading opportunities, high transactional transparency and liquidity, have favored its widespread acceptance across the globe. Furthermore, the availability of electronic platforms and the provision of improved security mechanisms for trading are also providing a boost to the market growth. Various internet-based platforms are available to the users for conveniently exchanging currencies between countries while ensuring the delivery of goods and services in a secure and centralized setting. Additionally, various technological advancements, such as the availability of outright forward and currency option, are creating a positive outlook for the market growth. Outright forward enables the trader to lock the current exchange rate, which further protects the investor, exporter or importer from future rate fluctuations. On the other hand, the currency option refers to a contractual document that establishes an obligation to purchase or trade currency at a specific rate.

Companies Mentioned

  • Barclays
  • BNP Paribas
  • Citibank
  • Deutsche Bank
  • Goldman Sachs
  • HSBC Holdings plc
  • JPMorgan Chase & Co.
  • The Royal Bank of Scotland
  • UBS AG
  • Standard Chartered PLC
  • State Street Corporation
  • XTX Markets Limited

Key Topics Covered:

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1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Foreign Exchange Market

5.1 Market Overview

5.2 Market Performance

5.3 Impact of COVID-19

5.4 Market Forecast

6 Market Breakup by Counterparty

6.1 Reporting Dealers

6.1.1 Market Trends

6.1.2 Market Forecast

6.2 Other Financial Institutions

6.2.1 Market Trends

6.2.2 Market Forecast

6.3 Non-financial Customers

6.3.1 Market Trends

6.3.2 Market Forecast

7 Market Breakup by Type

7.1 Currency Swap

7.1.1 Market Trends

7.1.2 Market Forecast

7.2 Outright Forward and FX Swaps

7.2.1 Market Trends

7.2.2 Market Forecast

7.3 FX Options

7.3.1 Market Trends

7.3.2 Market Forecast

8 Market Breakup by Region

9 SWOT Analysis

10 Value Chain Analysis

11 Porters Five Forces Analysis

12 Competitive Landscape

12.1 Market Structure

12.2 Key Players

12.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/uwap4w

View source version on businesswire.com:https://www.businesswire.com/news/home/20210625005303/en/

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KEYWORD:

INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES FINANCE

SOURCE: Research and Markets

Copyright Business Wire 2021.

PUB: 06/25/2021 09:44 AM/DISC: 06/25/2021 09:44 AM

http://www.businesswire.com/news/home/20210625005303/en