What is the difference between the retail or clie

What is the difference between the retail or client market and the wholesale or interbank market for foreign exchange?

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Market of forgien exchange

INSTRUCTIONS:
The market for foreign exchange can be viewed as a two-tier market. One tier is the wholesale or interbank market and the other tier is the retail or client market. International banks provide the core of the FX market. They stand willing to buy or sell foreign currency for their own account. These international banks serve their retail clients, corporations or individuals, in conducting foreign commerce or making international investment in financial assets that requires foreign exchange. Please discuss the following questions: Give a full definition of the market for foreign exchange. What is the difference between the retail or client market and the wholesale or interbank market for foreign exchange? Who are the market participants in the foreign exchange market? How are foreign exchange transactions between international banks settled
CONTENT:
Market of foreign exchange [Name] [University] Foreign exchange market can be defined as a place where people buy, sell, speculate and exchange different currencies. Banks, central banks, commercial companies, brokers and investors, investment firms and hedge funds; all of these make up the foreign exchange market CITATION For13 l 1033 (Foreign Exchange Market, 2013). It is considered to be the biggest financial market of all. Foreign market is efficient because it is huge and liquid. Foreign exchange market does not consist of a single exchange but it is linked to many others by the help of computer CITATION The1314 l 1033 (The Foreign Exchange Market for Beginners, 2013). Interbank market is where currencies are traded among the financial institutions and banks. This trading occurs on a grand scale excluding smaller participants such as retail investors CITATION Int134 l 1033 (Interbank Market,...
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