How interbank forex works - page 4
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That's not what you're talking about at all. You can open a casino and you need permission from the same authorities.
It has nothing to do with forex. Once again, where are the documents regulating the Forex market? If there are none, it is not a market, but a ghost of a market.
Yes, a ghost with a turnover of billions a day, if not more. I do not understand why all the countries close their eyes to it, they have no documents.)
Once again. Banks are not going to trade on the bazaar. Regulations and other documents would be freely available. They are not.
And the fact that banks trade with each other under some kind of inter-bank agreement - what is there to be surprised about? Only this is not a market. It is a kind of corporate hangout. And, of course, there are no documents outside.
Prices are clear too. They are partly futures quotes, partly negotiated. Source of quotations is futures of some exchange.
I can not say for sure, but somewhere 8/2 that it's true.
No special permit for the device sweepstakes on the quotes, except for the permission of the financial authorities of the State is not required. You are not surprised by sports betting that has nothing to do with sports. :)
Once again. Banks are not going to trade on the bazaar. Regulations and other documents would be freely available. They are not.
And the fact that banks trade with each other under some kind of inter-bank agreement - what is there to be surprised about? Only this is not a market. It is a kind of corporate hangout. And, of course, there are no documents outside.
Prices are clear too. They are partly futures quotes, partly negotiated. The source of quotations is futures of some exchange.
I will not assert 100%, but somewhere on 8/2 that it is true.
No special permission to set up a betting on quotations, other than the permission of the financial authorities of the state is required. It doesn't surprise you about sports betting, which has nothing to do with sports. :)
A market with a turnover of billions, if not more, per day.
It occurs to me that such a turnover is typical for the flea market.
So 1 lot is 100000 base currency. 1 billion/100 thousand = 10000 deals per day in total with all instruments. And 5 billion doesn't solve anything either. Absolutely illiquid market.
A market with a turnover of billions, if not more, per day.
It occurs to me that such a turnover is typical for the flea market.
So 1 lot is 100000 base currency. 1 billion/100 thousand = 10000 deals per day in total with all instruments. And 5 billion doesn't solve anything either. Absolutely illiquid market.
Forex daily turnover in 2013 was 5.3 trillion. In 2010 it was 4 trillion.
Not impressive either. Just today on the Moscow Exchange - volume on Gazprom shares - 5,124,218,355, on VTB shares - 1,043,550,244, on Rosneft - 1,707,004,722, on Lukoil - 2,527,212,741.
Yes, in rubles, of course, but that's only for 4 instruments. And we have a global market. This is not going to be enough. And by the number of contracts, MOEX is clearly ahead.
Come on, banks are buying currency from each other. There is some turnover. И...? It doesn't make much difference. It's an intra-bank affair.
Not impressive either. Just today on the Moscow exchange - volume on Gazprom shares is 5,124,218,355, on VTB shares 1,043,550,244, on Rosneft shares 1,707,004,722 and on Lukoil shares 2,527,212,741.
Yes, rubles of course, but that's only for 4 instruments. And this is a global market. That's not going to be much. And MOEX is clearly ahead by the number of contracts.
8 billion roubles versus 5 trillion dollars?
I gave the data for 2013
8 billion roubles versus 5 trillion dollars?
I gave the data for 2013
8 billion roubles versus 5 trillion dollars?
You don't know how to count - 8bn is 4 total instruments. Four names of stocks. And, in fact, it was clear from the beginning that there would be less in our market. That's not what the comparison was made for.
OK, slightly different. For how much, say, does Sberbank, or VTB, or any other bank conduct external operations? There are a lot of these banks around the world. When you add it all up, you get that the interbank foreign exchange market is far from the first place in terms of turnover. The interbank market is not speculative at all. It is a medical fact.
You don't know how to count - 8bn is 4 total instruments. Four names of stocks. And, in fact, it was clear from the beginning that there would be less in our market. That was not the purpose of the comparison.