Interbank foreign exchange market

The interbank market is the top-level foreign exchange market where banks exchange different currencies.[1] The banks can either deal with one another directly, or through electronic brokering platforms. The Electronic Broking Services (EBS) and Thomson Reuters Dealing are the two competitors in the electronic brokering platform business and together connect over 1000 banks.[1] The currencies of most developed countries have floating exchange rates. These currencies do not have fixed values but, rather, values that fluctuate relative to other currencies. Continue reading “Interbank foreign exchange market”

IMM dates

The IMM dates are the four quarterly dates of each year which most futures contracts and option contracts use as their scheduled maturity date or termination date. The dates are the third Wednesday of March, June, September and December (i.e., between the 15th and 21st, whichever such day is a Wednesday), and IMM stands for the International Monetary Market. Continue reading “IMM dates”

Global View.com

Global-View.com is an online currency trading community founded by former Continental Grain subsidiary, ContiCurrency, traders Jay Meisler and John Bland in 1996. The historical significance of the website’s main feature, the FOREX Forum, is that it started an important internet movement for retail trading. It is said to be traveled both openly and through alias by some of the greatest living minds in foreign exchange.[1] Continue reading “Global View.com”

2008 G20 Washington summit

The 2008 G20 Washington Summit on Financial Markets and the World Economy took place on November 14–15, 2008, in Washington, D.C., United States. It achieved general agreement amongst the G20 on how to cooperate in key areas so as to strengthen economic growth, deal with the 2008 financial crisis, and lay the foundation for reform to avoid similar crises in the future.[1][2] The Summit resulted from an initiative by the French and European Union President, Nicolas Sarkozy, Australian Prime Minister Kevin Rudd, and the British Prime Minister, Gordon Brown.[3][4] Continue reading “2008 G20 Washington summit”

InstaReM

InstaReM (short for Instant Remittance), founded by Prajit Nanu and Michael Bermingham, is a Singapore-headquartered Fintech company offering digital cross-border money transfers to individuals and businesses.”[2] Continue reading “InstaReM”