Event

FX Market Structure Conference

November 19, 2024

The foreign exchange (FX) market is the largest financial market in the world by trading volume, with average daily turnover of approximately $7.5 trillion, according to the BIS’s latest Triennial Survey. The structure of the FX market has evolved extensively over time, undergoing important shifts in the types of market participants, the jurisdictions in which they transact, and the mix of instruments traded, all within an ecosystem that has become increasingly complex. The substantial increase in the number and types of trading venues and the growth in algorithmic execution are just some of the factors that have contributed to reshaping the landscape. While these changes introduce new benefits to the market, they may also create new challenges and risks. As the FX market plays a critical role in supporting international trade, investment, and finance, developments in this space merit analysis and monitoring.

Given this important area of focus, the Federal Reserve Bank of New York is pleased to host the FX Market Structure Conference on November 19, 2024. The conference will feature a keynote address by Michelle Neal, head of the New York Fed's Markets Group, panel discussions, and a moderated discussion regarding the FX Global Code.

Topics will include:

  • Evolution of FX spot and derivatives markets
  • Key trends in FX market liquidity and price discovery
  • Analysis of the current FX settlement landscape, including recent changes and areas of potential risk
  • Update on recent developments regarding the FX Global Code
  • Innovation and the future of the FX market

Event Details

Date & Time

November 19, 2024
8:00am-5:00pm


Location

Federal Reserve Bank of New York
33 Liberty Street
New York, NY


Audience

In-person attendance will be by invitation only. The event will also be streamed, with a live webcast available on this page starting the morning of the conference. A recording of the event will be available soon after.


Media

This event is on the record and open to media. For media who wish to attend or have questions, please contact Betsy Bourassa at the New York Fed at Betsy.Bourassa@ny.frb.org.


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