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The article is devoted to forex exchange. It is focus on basic elements of that market segment. In the first paragraph there is hightlited what is currency market and main segments of it such as supply and demand for currency and money turnover. Secondly the article pay attention to type of operations in forex and especially to the two main different transactions that is spot and forward operations. It makes clear to readers the distinguish between kinds of spot operations such as tipical and overnight transactions. Also it should be admitted that bank's participation in forex trading and what instruments they use for achieving their objects. The article also have citations about type of derivatives and focus on features which define a price of spot and forward transactions. What is more there is define transactions outright and option and the diffrens of them.
Participators of forex exchange
The fundamental forex market participators are follows:
Central banks. Their function include manadging government currency reserves and providing stability of currency rate. In order to maintian that function banks may conduct both direct currency intervations as well as indirect impact – through regulation of refinance rate, reserve requirements and etc.
Commercial banks. They lead substantial volume of currency operations. Another market participartors have an accounts and fulfil through them essential conversion and deposit-credit operation for achieving their goals. Banks concerntate total requisitions of merchandise and stock markets in currency exchange, and also in mobilisation/take up means. Despite satifaction of client’s claims, banks may conduct operations themselves and against their funds. Ultimately international currency exchange market (forex) is represented by interbank market. Internations banks plays the most contribute part, daily turnover of which are maintaining billions of dollars. The volume of one interbankk deal is approximately 5 millions $ or parity. Cost of one conversion transaction is from 60$ to 300$. Besides, it indispensably to spend to 6 grands monthly for info-trade terminal. Because of that contions, there is no convertions on small sums in forex. For this purpose it’s cheaper to address to the financial intermediaries (bank or currency broker), which will conduct operation at certain percentage of deal. The situation of internal clearing regulary derive from a lot of clients and multidirectional activites, when intermediary not need to refer to counterpart (not need real convertation though forex). But intermediary always get own commissions from clients. Fewer than all clients requisitions get to the forex, and mediators may suggest to business friends commissions, which sustainable lower cost of direct operations on forex. At the same time, if mediators be eliminated, the price of convertations for end-user necessitate increased.
Language: English
Language Skills: Native speaker, Proficiency, Advanced
The article is devoted to forex exchange. It is focus on basic elements of that market segment. In the first paragraph there is hightlited what is currency market and main segments of it such as supply and demand for currency and money turnover. Secondly the article pay attention to type of operations in forex and especially to the two main different transactions that is spot and forward operations. It makes clear to readers the distinguish between kinds of spot operations such as tipical and overnight transactions. Also it should be admitted that bank's participation in forex trading and what instruments they use for achieving their objects. The article also have citations about type of derivatives and focus on features which define a price of spot and forward transactions. What is more there is define transactions outright and option and the diffrens of them.
Participators of forex exchange
The fundamental forex market participators are follows:
Central banks. Their function include manadging government currency reserves and providing stability of currency rate. In order to maintian that function banks may conduct both direct currency intervations as well as indirect impact – through regulation of refinance rate, reserve requirements and etc.
Commercial banks. They lead substantial volume of currency operations. Another market participartors have an accounts and fulfil through them essential conversion and deposit-credit operation for achieving their goals. Banks concerntate total requisitions of merchandise and stock markets in currency exchange, and also in mobilisation/take up means. Despite satifaction of client’s claims, banks may conduct operations themselves and against their funds. Ultimately international currency exchange market (forex) is represented by interbank market. Internations banks plays the most contribute part, daily turnover of which are maintaining billions of dollars. The volume of one interbankk deal is approximately 5 millions $ or parity. Cost of one conversion transaction is from 60$ to 300$. Besides, it indispensably to spend to 6 grands monthly for info-trade terminal. Because of that contions, there is no convertions on small sums in forex. For this purpose it’s cheaper to address to the financial intermediaries (bank or currency broker), which will conduct operation at certain percentage of deal. The situation of internal clearing regulary derive from a lot of clients and multidirectional activites, when intermediary not need to refer to counterpart (not need real convertation though forex). But intermediary always get own commissions from clients. Fewer than all clients requisitions get to the forex, and mediators may suggest to business friends commissions, which sustainable lower cost of direct operations on forex. At the same time, if mediators be eliminated, the price of convertations for end-user necessitate increased.
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You can correct this text if you set follow language skills of English in settings: Native speaker, Proficiency, Advanced
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