Market size and liquidity
Market foreign exchange is the most liquid financial market in the world. Shops include a large bank Central Bank institutional investors and currency speculators, government organizations, financial institutions and retail investors. With the growing average daily volume of relevant markets, and foreign currencies around the world constantly according to the survey of the triennial Central Bank 2010 coordination by the Bank for international settlements. Average daily volume was the United States of 3.98 million in April (compared with $ 1.7 million in 1998), [3] million this 3.98, 1.5 million was the location of transactions, foreign exchange and 2.5 million has been sold forward FX swaps and other currency derivatives.
In the United Kingdom, 36.7% of the total, United Kingdom. Day center that are most important to Trade Forex place second and third respectively. Trade show in the United States, 17.9%, Japan is 6.2% [5]
Exchange trading volume ahead of the currency and options have grown quickly in recent years. Up to $ 166 million in April (two turnover recorded in the month of April 2007) Trading currency exchange: a 4% of turnover from OTC Exchange futures of FX was introduced in 1972, Chicago Mercantile Exchange and trading relationships with other futures contracts.
Developing countries, and most major negotiation: FX (for example, currency futures and options on currency futures) on their websites. Developing countries, all these accounts cost changes completely. A number of developing countries do not permit FX products continued in the capital account controls. Use of foreign currency that the growth in many developing countries [6] Countries such as India. Korea and South Africa created a currency exchange in advance, although some capital account controls.
Northwind traders Forex top 10 [7]
% Of total may 2011.
Market share of top names.
Deutsche Bank 15.64 1%
Padres vs Cardinals cost 2 10.75%
UBS AG % 3 10.59
Citi 4 8.88%
JPMorgan 5 6.43%
HSBC 6.26% 6
7 Royal Bank of Scotland 6.20%
8 Credit Suisse 4.80%
Goldman Sachs 4.13% 9
10 Morgan Stanley 3.64%
Forex trading increased 20 percent between April and June and 2550 more than doubled (2004) [8 increase traffic due to several factors: the increasing importance of foreign currencies as asset class. The increase in trade, the emergence of northwind traders high frequency. Retail investors is an important part of the growing market of electronic methods and performance of transaction cost. Choose a variety of activities and increased liquidity and greater participation of the different types of customers attracted particular e-commerce. Internet Web site easy for retailers to negotiate financial markets until the time it is estimated the retail trade to represent 10% of the traffic or FX 150 billion dollars per day in the United States (see platform retail trade)
Because Exchange Over-the-counter market negotiations that brokers/dealers directly. There is no central Exchange or clearing house. Shop more geographical is the United Kingdom in London, where most of the estimated that TheCityUK's share of global trade in transaction 34.6 in the month of April 2007% 36.7% in March 2010 due to the predominance of London market. The price of a particular currency is usually refers to the market price in London for example, when users during calculations, the value of the SDR each day. London market price will be at noon on the same day.
Market participantsFinancial markets.
Public markets
Exchange.
Securities
Debt market
Debt instruments
Debentures of the company.
Treasury
Bond's hat
Bond evaluations
Fixed income high yieldThe stock market
The stock market.
Preferred stock
Ordinary shares
Registered share
Percent of the vote.
Scholarships
Main market:
Securitization
Mixed security
Credit courses:
The Exchange in advance.
There is no organized TCI.
Market points
An attacker who
The interest rate.Options
Foreign currency.
Exchange rate
Currency
In other markets.
Financial markets.
Reinsurance market.
Marketing sales
Market: real estate
Useful trade
Participants
Clearing House
Financial regulations
Finance series
Banks and banking activities.
The company's financial
Personal finance
Public finances
(v) · (d) · (e)
Unlike the stock market in currency. The market is divided into levels of access at the top is interbancár marketing.