new york , December 6, 2023 /PRNewswire/ — A recent report from Technavio titled: forex market It is predicted to grow rapidly in the coming years.The market size is predicted to grow as follows $516.48 billionaccelerate with CAGR 10.31% from 2023 to 2028. What became clear was that Europe It is estimated to contribute 43% to the global market growth. Click here to download the sample report
Market growth is heavily influenced by increased liquidity, especially in the global foreign exchange market, which is known for its ease of trading in multiple currencies around the world. Quick access to news and prices will keep Forex traders informed and up-to-date, facilitating market expansion during the forecast period.
in North Americaforeign exchange trading activity increased by 3.6% year-on-year. October 2020 to October 2021due to continuous trading monitoring and monitoring in the market. Recent collusive activity and benchmark manipulation in foreign exchange markets calls for increased regulatory oversight of large firms and greater transparency in records of trading activity. Sell-side dealers are expected to play an important role going forward, potentially strengthening auditing standards and facilitating communication between traders. Furthermore, during periods of low volatility, stable currencies, which are considered safe-haven currencies, often offer stable returns, while speculative currencies can yield significant profits.
Technavio highlights new trends in the foreign exchange market.
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Market transparency is a key driver of market growth, providing clarity on the assets traded, prices, participants, and global currency movements.
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The global foreign exchange market provides complete access to comprehensive market data and enables real-time portfolio monitoring across multiple countries and time zones.
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The absence of government or central bank control prevents market cornering and long-term price fixation, but while the short-term advantage of information lag exists, it is unsustainable.
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Huge size of the market contributes to equity and efficiency, facilitating market expansion during the forecast period.
The market is segmented by type (reporting dealers, other financial institutions, and non-financial customers); Trade finance products (currency swaps, outright forwards and FX swaps, and FX options), Geography (North America, Europe,Asia Pacific, south americaMiddle East, Africa)
The reporting dealer segment is anticipated to witness significant growth during the forecast period. Participants in the foreign exchange market hold risky inventory positions as they reach maturity. In situations where liquidity is scarce, suppliers who absorb market imbalances receive higher profits in return. These returns reflect the risk premium associated with non-diversifiable risk.
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companies like Standard Chartered PLC, Bank of America Corporation, and JPMorgan Chase & Co. It is a major player in the foreign exchange market.
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According to Technavio’s analysis, the Forex Market Analysis Report 2024-2028 highlights key market trends such as increased liquidity and transparency in trading. We identify challenges such as counterparty risk due to market regulation and outline the advantages reporting dealers have in driving market growth.Regional insights highlight European great contribution and north american Resilience amid increased trading activity. Overall, this report provides comprehensive insights into the key drivers, emerging trends, and regional market developments impacting the global foreign exchange landscape.
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table of contents
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executive summary
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market scenery
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Understanding market size
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Past market size
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five forces analysis
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Market segmentation by type
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Market segmentation by trade finance products
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customer situation
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geographical landscape
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Drivers, challenges and trends
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Company scenery
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Company analysis
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appendix
About us
Technavio is the world’s leading technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights that help companies identify market opportunities and develop effective strategies to optimize their market position. Offers. With over 500 expert analysts, Technavio’s report library consists of over 17,000 reports covering 800 technologies across 50 countries, and growing. The company’s customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify existing and potential market opportunities and gain a competitive advantage within the changing market scenario. is evaluating its status.
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Source Technavio