market is as opaque and old-fashioned as it is enormous. Most of its $5trn of daily trading happens “over-the-counter” , in deals negotiated between banks and private customers, rather than on exchanges. Many orders are still placed by phone. Gauging the market’s size and structure usually means relying on outdated surveys. The most comprehensive review, by the Bank for International Settlements, is conducted only once every three years.
Yet modernity is arriving—in fits and starts. Last month it emerged that Deutsche Börse, Europe’s third-largest stock exchange, was close to buying-trading platform, for a reported $3.5bn. If it happens the deal could end up being one of the largest in Deutsche Börse’s history. It hints at a shake-up in a sector that has long been deemed antediluvian.FX
market serves not only investors, but corporations and governments seeking to protect trade or bonds against currency swings.contracts can be “spot” , “forward” or “swap” . Buyers go through dealers , which source liquidity. Specific needs, such as matching cash-flow dates, are more easily met usingThat is not about to change.
DIGITAL IS FASTER. YOU CANNOT ALWAYS UNDERSTAND THE OTHER PERSON
International FX market is not transparent and controlled by a few jewish bankers...
You don't mean it.
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