Global forex trading has shrunk dramatically, Bloomberg reviewers have

Global forex trading volume has shrunk dramatically, Bloomberg commentator decryption Sina fund exposure platform: letter Phi lag false propaganda, performance for a long time lower than similar products, buy funds by pit how to do? Click on [I want to complain], Sina help you expose them! FX168 financial newspaper (Hongkong) news, according to the latest three years of the Central Bank of the international clearing bank survey shows that spot foreign exchange trading volume fell from 2 trillion U.S. dollars to 1 trillion and 700 billion U.S. dollars, a drop of up to 17%, the first decline in foreign exchange trading since 2001. Hedge funds and proprietary trading companies have fallen more dramatically, and trading volumes have fallen by more than 30% over the past three years. (source: BIS, Zerohedge, FX168 financial network) has a variety of explain the reasons behind the phenomenon: Algorithmic Trading Company Pragma Securities CEO David Mechner said, "the market has undergone significant change, partly by improper behavior and global behavior of traders to drive the subsequent development, but also by the bank attitude change driven view the bank continued regulatory constraints, as far as possible efficient allocation of capital." JP Morgan chase added, "the decline in the amount of foreign exchange trading among these investors may be due to regulatory pressure and foreign exchange fraud investigation. Fraud investigation led to severe tightening of foreign exchange proprietary trading department." In other words, JP Morgan said, if you can’t manipulate the market, then simply do not trade. The cynical explanation of JP Morgan and other institutions may be true, but Bloomberg commentator Richard Breslow Wednesday (September 7th) gives a different, more pragmatic explanation. Breslow in a report titled "pointed out that investors did not return from the high difficulty level in the report:" just can buy gold as an alternative option, why should the head against the wall trying to understand the Russian Ruble against the South African rand will be how to deliver?" The former only needs to assess whether the world will continue to be in chaos, while the latter has multiple opaque and rapidly changing parts that affect its trend. Financial blog Zerohedge pointed out that because this confirms the years we mentioned that the central policy distortions, and in recent months the capital market completely nationalized (as the Bank of Japan to the ETF initiative, the trend of the stock market is affected) forcing traders fled have no sense of the market, so we tend to Breslow right. Breslow also pointed out that unconventional monetary policy has completely changed the portfolio selection. Not to mention the non intuitive effects of negative interest rates and other policies on currency appreciation. Trading prospects are beset with difficulties. But buying corporate credit is not the case. There are plenty of opportunities in Forex trading. But the trend is hard to catch. Logically, traders will choose the lowest level of difficulty trading. Proof: Jun bin into [shares] discuss Sina Finance

全球外汇交易量急剧缩水 彭博评论员解密 新浪基金曝光台:信披滞后虚假宣传,业绩长期低于同类产品,买基金被坑怎么办?点击【我要投诉】,新浪帮你曝光他们!   FX168财经报社(香港)讯 根据国际清算银行最新三年央行调查显示,现货外汇交易量从2万亿美元骤降至1.7万亿美元,降幅高达17%,为2001年以来外汇交易量首次下滑。对冲基金与自营交易公司降幅更为惊人,过去三年交易量大跌逾30%。   (图片来源:BIS、Zerohedge、FX168财经网)   这一现象背后原因有多种解释:算法交易公司Pragma Securities首席执行官David Mechner表示,“市场发生重大转变,部分是受交易员不当行为与全球行为准备后续发展所驱动,但也受银行转变态度所驱动,鉴于持续的监管约束,银行尽可能有效地分配资本。”摩根大通补充道,“这些投资者的外汇交易量比重萎缩可能是监管压力与外汇舞弊调查所致。舞弊调查导致外汇自营交易部门严重紧缩。”   换句话说,摩根大通表示,如不能操控市场,那么干脆就不要交易。   摩根大通等机构的愤世嫉俗的解释可能是正确的,但彭博评论员Richard Breslow周三(9月7日)给出了一不同的、更为务实的解释。   Breslow在一份标题为“投资者未从高难度水平中获得回报”的报告中指出:“在仅仅买入黄金就可以作为替代选项时,为何要头撞南墙来试图了解俄罗斯卢布兑南非兰特将如何交投呢?”   前者仅需评估全球是否会继续处于混乱之中皆可,而后者则有多个不透明的、快速变化的部分影响其走势。   金融博客网站Zerohedge指出,因这印证了多年来我们所述,即央行政策扭曲,及最近几个月资本市场的彻底国有化(正如日本央行对其ETF所采取的举措,股市走势因此受到影响)迫使交易员逃离已经没有任何意义的市场,因此我们倾向于认为Breslow的观点完全正确。   Breslow还指出,非常规货币政策完全改变了资产投资组合选择。更不用说负利率等政策给货币升值带来的非直观影响了。交易前景困难重重。但购买企业信贷则非如此。   在外汇交易中有大量的机会。但趋势已难以捕捉。从逻辑上讲,交易员会选择最低难度水平交易。   校对:浚滨 进入【新浪财经股吧】讨论相关的主题文章:

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