Countdown to BIS

This week, the Bank for International Settlements (BIS) reminded the FX market that it will conduct its eighth triennial turnover survey in April and June 2010. In a new move, BIS will publish two reports. One will cover global activity on traditional FX markets and associated OTC derivatives instruments. Preliminary results should be published at the end of August 2010. The other report, on non-FX OTC derivatives and CDS global positions is of no interest to me whatsoever.