BIS stands for the Bank for International Settlements. It is an international financial institution that serves as a forum for central banks to cooperate and collaborate in order to promote financial stability and monetary cooperation around the world.
The BIS was established in 1930 and is based in Basel, Switzerland. Its main activities include providing banking services to central banks, conducting research and analysis on financial and economic issues, and coordinating and facilitating international regulatory and supervisory standards for the banking industry.
In the context of forex trading, the BIS is particularly known for its triennial surveys of global foreign exchange markets, which provide insights into the size, structure, and functioning of the global forex market. The BIS is also involved in the development of forex trading guidelines and standards, and works closely with central banks to ensure the stability of the global financial system.