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The foreign exchange market is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of trading volume, it is by far the largest market in the world, followed by the credit market.
Currency intervention, also known as foreign exchange market intervention or currency manipulation, is a monetary policy operation. It occurs when a government or central bank buys or sells foreign currency in exchange for its own domestic currency, generally with the intention of influencing the exchange rate and trade policy.
Retail foreign exchange trading is a small segment of the larger foreign exchange market where individuals speculate on the exchange rate between different currencies. This segment has developed with the advent of dedicated electronic trading platforms and the internet, which allows individuals to access the global currency markets. As of 2016, it was reported that retail foreign exchange trading represented 5.5% of the whole foreign exchange market.
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The forex scandal is a 2013 financial scandal that involves the revelation, and subsequent investigation, that banks colluded for at least a decade to manipulate exchange rates on the forex market for their own financial gain. Market regulators in Asia, Switzerland, the United Kingdom, and the United States began to investigate the $4.7 trillion per day foreign exchange market (forex) after Bloomberg News reported in June 2013 that currency dealers said they had been front-running client orders and rigging the foreign exchange benchmark WM/Reuters rates by colluding with counterparts and pushing through trades before and during the 60-second windows when the benchmark rates are set. The behavior occurred daily in the spot foreign-exchange market and went on for at least a decade according to currency traders.
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The foreign exchange reserves of India are holdings of cash, bank deposits, bonds, and other financial assets denominated in currencies other than India's national currency, the Indian rupee. The foreign-exchange reserves are managed by the Reserve Bank of India (RBI) for the Indian government, and the main component is foreign currency assets.
Swissquote Group Holding SA is a Swiss banking group specialising in providing online financial and trading services. The Group's shares have been listed on the SIX Swiss Exchange under the ticker symbol “SQN” since 29 May 2000. The Group's headquarters are located in Gland, Switzerland. The Group has 1040 employees as of December 2022.
Karvy Group is a financial services company in India. It was involved in financial services like equity, commodities trading, depository and wealth services and distribution of other financial products. It has its headquarters in Hyderabad. It also had branch offices outside India in Bahrain, Dubai, Malaysia, Philippines and the United States. Scams perpetrated during 2019 involving Karvy Stock Broking Limited(KSBL), a group company led to the filing of criminal cases against the Chairman and others. This led to the banning of KSBL by the regulator.
Forex Club is a group of companies based in Saint Vincent and the Grenadines participating in the retail market of Contract for difference, Foreign Exchange Trading. The company uses the Libertex web and mobile trading platform in addition to MT4 and its structure includes financial and educational companies.
International Capital Markets is an Australian forex and CFD broker launched in 2007. It is currently headquartered in Sydney, Australia. It currently sponsors several football clubs such as Bayer Leverkusen and other teams from Bundesliga and La Liga.
References
- ↑ "Mrs. Watanabe had a change of heart in 2022: Bank of Japan report". Nikkei Asia. Retrieved 13 October 2023.
- ↑ "Mrs. Watanabe - Japanese Housewife Who Beat the Forex Market". FXCL Markets Ltd. Retrieved 13 October 2023.
- ↑ "Fortune Seekers | Planet Finance (3/6)" . Retrieved 13 October 2023– via www.youtube.com.
- ↑ "How Japanese Housewives Outsmarted Global Finance (Documentary)" . Retrieved 13 October 2023– via www.youtube.com.
- ↑ Harjani, Ansuya (27 June 2014). "Finally, Mrs Watanabe loosens her purse strings". CNBC. Retrieved 13 October 2023.
- ↑ "The fabled Mrs Watanabe of Japan and a few lessons to take from her". The New Indian Express. Retrieved 13 October 2023.
- ↑ https://medium.com/@nahian.momin/mrs-watanabe-a-remarkable-tale-of-financial-ingenuity-f3562f4d2295