... (1996), Central Bank Survey of Foreign Exchange and Derivatives Market Activity 1995, Bank for International Payment, Basle. —— (1999a), Central Bank Survey of Foreign Exchange and Derivatives Market ... market-makers in the forward market. Indeed, banks may often be relatively slow and cautious in responding to requests for forward quotations. Of the 29 forex dealers who were interviewed for our survey, ... trade was conducted without going through the forex market. In the past, businesses that generated revenues in foreign currency must surrender the foreign currency received, i.e., must sell it...