FOREX TRADING
The majority of commercial turnovers and the large amount of speculative trading which is done everyday are taken care of by the inter-bank market, which stands as the top of the levels of access of the foreign exchange market. Trading of billions of dollars is done by large banks daily. Out of which on behalf of customers, some of the trading is done. For the banks own account, more of the trading is done by priority desks. Large amount of business was done by foreign exchange brokers, this facilitated inter bank trading and for large fees matched anonymous counter parts. But this was earlier, now more efficient electronic systems have taken the business. In most of the trading rooms, the ongoing inter bank trading is heard and the traders listen to the broker squawk box about the trading. But it is noticed that the turnover was larger few years ago than now. The companies seeking foreign exchange to pay for goods or any other services are an important part of this market. Compared to the banks or speculators the amount of Forex Trading done by these companies is very small, the forex trading done by these companies have very little impact on market rates.