Also called foreign exchange market "or" forex or fx or currency exchange market ", the currency market is as its name suggests, the market which are sold and bought currencies . The currency market is by far the biggest market in the world with over 1500 billion dollars of the transactions per day.
Contrary to stock markets that operate with centralized quotes, the currency market only offers OTC transactions. Clearly, buyers and sellers complete their transactions directly and individually by phone or through a trading platform on the internet.
There are several major financial centers that are in the London market, as New York and Tokyo for the most important. Then there are the markets in Zurich, Frankfurt, Hong Kong,
No comments:
Post a Comment