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| Topic: |
Business
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| Number of pages / Number of words: |
34 / 9451 |
Essay's paper body
However, transparency has increased enormously in recent years. With the growth of electronic dealing systems and electronic brokering systems, the price discovery process has become less exclusive and pricing information more broadly disseminated—at least for certain foreign exchange products and currency pairs...
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Indeed, by most measures, the over-the-counter foreign exchange market is regarded by observers as not only extremely large and liquid, but also efficient and smoothly functioning.
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DEFINITION
“Foreign exchange†refers to money denominated in the currency of another nation or group of nations...
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