Archive for July, 2008
Direct dealing
Direct dealing used to be conducted mostly on the phone.
Read Full Post | Make a Comment ( None so far )Brokers
Foreign exchange brokers, unlike equity brokers, do not take positions for themselves; they only service institutional banks. The role of the broker is to bring together the buyer and seller; to optimize the price – and quickly, accurately, and faithfully execute the traders’ orders. The majority of the foreign exchange brokers execute business is via [...]
Read Full Post | Make a Comment ( None so far )The Futures Market
Currency futures are another type of “forward outright” deals. Due to the fact that currency futures are derived from the spot price, they are derivative instruments. They are specific with regard to the expiration date and the size of the trade amount. Generally, forward outright deals—those that mature past the spot delivery date—will mature on [...]
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