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Metody zawierania transakcji na światowym rynku walutowym
| Content Provider | Semantic Scholar |
|---|---|
| Author | Szmelter, Monika |
| Copyright Year | 2014 |
| Abstract | Purpose – The article focuses on methods of doing transactions on international foreign exchange market. The author presents traditional and modern techniques of trading on forex. The purpose of the article is to indicate preferences of forex market investors. Design/Methodology/approach – The methodology used in the article is based on the analyze of data collected by Bank for International Settlement (BIS) which every three years researches foreign exchange market. BIS co-operates with many central banks and that why in 2013 it got data from 1300 forex participants. They are called reporting dealers in BIS project because they create the biggest turnover on foreign exchange market (market-makers). They are banks and they do transactions with financial and non-financial institutions on all the world. They were asked by BIS to provide information on the execution methods used to trade on forex market. Findings – Foreign exchange transactions are made using direct and indirect methods both. First of all investors prefer electronic systems of communication and phone to negotiate transactions conditions (46% of daily turnover in April 2013). Using electronic or voice broker is less popular (29% of daily turnover in April 2013). 687 Metody zawierania transakcji na światowym rynku walutowym Single-bank proprietary platforms were used to do only 13% of fx transactions, but its role should rise. The methodology of negotiating by forex investors depends on the fx transaction type. Spot and fx swap are made using different techniques. But counterparties of outright-forward and currency options prefer especially electronic systems of communication and phone. Originality/value – Forex researches focus especially on its structure by: transactions, investors, currencies. Analyzes of turnover infrastructure of forex are not popular and rather non-complex. The article relates to this topic only. Executions methods on forex are one of the most important characteristic of this market because they influence on its development and the level of counterparty risk taking by investors. |
| Starting Page | 679 |
| Ending Page | 687 |
| Page Count | 9 |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://www.wneiz.pl/nauka_wneiz/frfu/67-2014/FRFU-67-679.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
