Adjusted for local and cross- border inter- dealer double- counting (ie “ net- net” basis). 2 The category “ other FX products”
covers highly leveraged transactions and/or trades whose notionalamount is variable and where a decomposition into individual
plain vanilla components was impractical or impossible. 3 Non-US dollar legs of foreign currency transactions were converted
into original currency amounts at average exchange rates for April of each survey year and then reconverted into US dollar
amounts at average April 2013 exchange rates. 4 Sources: FOWTRADEdata; Futures Industry Association; various futures and
options exchanges. Foreign exchange futures and options traded worldwide.