Nicolas Deforge
Consultant en NTIC
Currency market:
Formerly interbank market was an ancient practice dating back in the 70s, which has long been the domain reserved for private banks. It was generally governed by large financial companies, brokers and even governments. The market is now a place open to all.
Prices are nevertheless still governed by the major market participants from major financial centers such as London, Hong Kong and New York.
Transactions on the Forex market are necessary because the large institutions, governments, businesses and individuals need foreign exchange to buy and sell their goods and services. The foreign exchange market allows fund managers, banks, businesses and individuals to buy and sell currencies in the world.
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