Participants in the foreign exchange market - commercial banks
May 27th, 2009
hey carry out the bulk of foreign exchange. In the other banks holding accounts of market participants and carry out their necessary conversion transactions. Banks as would accumulate (through transactions with customers), the aggregate market demand for currency conversion, as well as in attracting and placing funds and go with them to other banks.
In addition to meeting the requests of customers, banks can conduct operations independently and at their own expense.
Ultimately, the foreign exchange market is a market for interbank transactions, and, referring to the movement of exchange rates, one should bear in mind the interbank foreign exchange market. On world currency markets, the most influenced by international banks, the daily volume opereratsy that reaches billions of dollars. These banks, like Barclays
Bank, Citibank, Chase Manhatten Bank, Deutsche Bank, Swiss Bank Corporation, Union Bank of Switzerland and others.