The liquid giant

Foreign exchange (Forex) boasts the largest, most liquid financial market in the world, with around ...

Foreign exchange (Forex) boasts the largest, most liquid financial market in the world, with around $3tn traded every day. Over the past few years, Forex issuance more than tripled from around $6bn in 2005 to $20bn in 2007 and is fast shedding its status as the poor relation of equities as an underlying investment for structured products. As a diverse market comprising a multitude of participants, open 24 hours a day, with easy market access and high liquidity, Forex has a range of attractions that are propelling the asset class into the structured products spotlight. It is in the turbule...