be able access. Is Your Forex Broker a Scam? That remained the same as 2016's ranking, with the exception of Deutsche Bank and baml switching places. Similar to the way we see prices on an electronic forex broker's platform, there are two primary platforms that interbank traders use: One is offered by Reuters Dealing and the other is offered by the Electronic Brokerage Service (EBS). . Cross currency pairs are generally not"d on either platform, but are calculated based on the rates of the major currency pairs and then offset through the legs. Forex interbank desks generally deal only in the most popular currency pairs.
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How can currency traders at banks make so much money, when retail
That is, for the EUR/USD, there is only one primary dealer that will give"s on the currency. How does a bank offset risk? Instead, each market maker records his or her own transactions and vietnam currency rate history keeps it as proprietary information. On a foreign exchange spot trading desk, there are generally one or two market makers responsible for each currency pair. The cftc regulates the broker and ensures that he or she meets strict financial standards.
In terms of trading volume, it is by far the largest market in the world, followed by the Credit market. Most foreign exchange dealers are banks, so this behind-the-scenes market is sometimes called the interbank market. On an individual basis, American banking giant Citi retained its p lace.