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            | Topic: | Business | 
        
            | Number of pages / Number of words: | 21 / 5740 | 
                
    
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The traders are the major market ' makers. The traders have access to high speed information while they are working in the dealing room of the market ' making banks. The most important communications instruments that are used by the traders are:
? CABLE OR ELECTRONIC TRANSFERS: A cable transfer is a method of payment where the buyer pays the selling bank for the needed foreign currency, and the bank telexes or electronically communicates payment instructions to its correspondent bank where the foreign currency is held (Eng, et al...
        
        
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The most important communications instruments that are used by the traders are:
? CABLE OR ELECTRONIC TRANSFERS: A cable transfer is a method of payment where the buyer pays the selling bank for the needed foreign currency, and the bank telexes or electronically communicates payment instructions to its correspondent bank where the foreign currency is held (Eng, et al...
        
        
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            General points of the essay
            
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