Forex Market Overview
The forex market exists wherever one currency is traded for another ... . It includes trading between large banks, central banks, multinational corporations, governments, and other financial institutions.The forex market is a cash inter-bank established in 1971 when floating [more...]
Date: 2009-01-08 01:01:00
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Icap eyes indie film distribution market
Icap, the world’s largest inter-dealer broker, has set its sights on Hollywood and the $12bn market in independent film distribution as it seeks to reduce its reliance on bond and forex trading. The group, founded by Michael Spencer, has been hit by slowing volumes in its key markets amid heavy deleveraging of balance sheets at banks and hedge [more...]
Date: 2008-12-08 05:36:26
GFI Group (GFIG) Reports Loss in Murphy’s Law Quarter
Investors weren’t expecting much in the way of good news as inter-dealer broker GFI Group reported earnings after the bell Thursday ... just what the new average trading volumes will be for credit derivatives, forex, and equity derivatives ... revenues were up 30% YoY. If uncertainty in the markets continues to lead to higher hedging activity [more...]
Date: 2008-10-31 09:39:08
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