Latest / The Trading Floor with David Axtell
The $7.5 Trillion Market - Why FX Works the Way It Does
Why doesn't foreign exchange trade on an exchange like stocks? Why does it operate 24 hours? And why is the US dollar at the centre of everything? In this episode, David Axtell explains the fundamental architecture of the world's largest financial market—$7.5 trillion in daily turnover—and what that structure means for anyone operating in FX. From OTC markets to liquidity patterns to the dominance of FX swaps, this is the market structure knowledge that separates professionals from tourists.In this episode, we cover:Why FX is over-the-counter (OTC) instead of exchange-tradedThe three reasons…
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