外汇市场的特点（Characteristics of the foreign exchange market）.docVIP

外汇市场的特点（Characteristics of the foreign exchange market） The characteristics of the foreign exchange market The foreign exchange market is the worlds largest financial market, covering a variety of transactions including spot Forex Trading (also called spot foreign exchange transactions), forward foreign exchange transactions, foreign exchange swaps, foreign exchange futures, foreign exchange options etc.. The average daily turnover of $1 trillion and 900 billion, including $1 trillion and 290 billion for OTC derivatives. (the above data according to the survey report of the bank for international settlement in 2004) Foreign exchange transactions are mainly used in two ways: one is the exchange way. This way has a fixed market place, such as Germany, France, Holland and other countries of the foreign exchange, foreign exchange and futures trading on the Chicago Mercantile Exchange; all of these transactions Business Hours and fixed business premises. Another way is OTC. This is the 24 hours of operation, there is no specific transaction place, the parties to the transaction on the Internet or telephone and other communications equipment deal. OTC is the main form of the foreign exchange market. It is different from the traditional sense of the market, does not have a central market place, most of the transactions are conducted through the Internet or telephone; this site does not have a unified foreign exchange market is called the city market. The global foreign exchange market daily trading volume of nearly $two trillion, is in the central clearing system without supervision, there is no government regulation to complete the liquidation and transfer. The rise of electronic trading Early TC trading is mainly implemented by telex, Telegraph and telephone communication. With the development of computer technology and network technology, electronic trading began to rise, and led to foreign exchange trading and foreign exchange trading mechanism of technological change.