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What is Front, Middle, and Back Office in Forex Trading about?
Only authorised dealers licensed by RBI can participate directly in the forex market. These dealers provide quotes to exporters and importers and can take proprietary positions within set limits. The treasury of a commercial bank has separate front, mid, and back offices to facilitate transactions, manage risk, and ensure settlements and accounting. The front office deals in markets under the oversight of mid office risk management. The back office handles confirmations, payments, reconciliations and ensure
- Author
- Ankit Johari
- Language
- EN