Foreign exchange, the world's biggest market, is shrinking | Reuters



LONDON The foreign exchange market's status as the world's largest, built up over decades of rampant globalization, deregulation and growth in financial services, is unlikely to be relinquished any time soon. But the glory days are over.

Overall market volume and employment levels at the biggest banks trading currencies are shrinking, as tighter bank regulation, the fading emerging market boom and a secular slowdown in world growth and trade take their toll.

Industry figures show the number of traders employ