An on-line system to allow brokers to deal in forward trading on the foreign exchange markets is to be launched by media company Reuters Holdings Plc on June 9. Forward trading – buying currencies for delivery in the future – is the last sector of the $670bn foreign exchange market conducted by word of mouth. […]
An on-line system to allow brokers to deal in forward trading on the foreign exchange markets is to be launched by media company Reuters Holdings Plc on June 9. Forward trading – buying currencies for delivery in the future – is the last sector of the $670bn foreign exchange market conducted by word of mouth. Electronic trading tends to cut profits on deals because more traders instantly know the best price.
