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What is Understanding the Over-The-Counter Market about?

This document discusses the characteristics of over-the-counter foreign exchange markets. It notes that over-the-counter trading occurs through unregulated bank transactions by telex and telephone. Regulatory authorities examine bank activities in these markets. Some organized exchanges exist where currency futures and options are traded, but most foreign exchange occurs over-the-counter with leverage, counterparty, and operational risks.

Author

Khánh Linh Mai Trần

Language

EN