Forex

It is primarily traded through banks, brokers, dealers, financial institutions and private individuals. Trades are executed through phone and increasingly through the Internet.It is only in the last few years that the smaller investor has been able to gain access to this market. Previously, the large amounts of deposits required precluded the smaller investors. With the advent of the Internet and growing competition it is now easily in the reach of most investors.

Marketiva MM DOO is a limited liability company incorporated in the Republic of Montenegro with registration number 5-0557722. Because over-the-counter market-making services are not within regulatory framework of the Securities Commission of the Republic of Montenegro (SCMN), Marketiva MM DOO is currently working with legal and compliance firms based in the EU to make its services fully compliant with the Markets in Financial Instruments Directive (MiFID), which is a EU law that provides harmonized regulation for financial services across the EU member states. In addition, Marketiva MM DOO is working on an autonomous web site that will present comprehensive self-regulatory information, and which will allow our clients to continuously monitor financial condition of Marketiva MM DOO and be able to submit complaints. ...Client funds held with Marketiva MM DOO are maintained in separate bank accounts at CKB AD, which is the largest commercial bank in Montenegro. Our over-the-counter market-making services and related online support are continuously available .

Banks in Nepal

Commercial banks plays vital roles to collect money in the state. Generally, commercial banks are required by the central bank to earmark a portion of their loan portfolio to priority lending for agriculture, cottage industry, services etc., which includes 0.25% to 3% to the deprived sector (poor population). Under this obligation, commercial banks can lend directly to individuals or self-help groups, charging a 6-7% interest rate, or provide wholesale funds or equity to microfinance providers serving the poor in Nepal.
Two thirds of the priority and deprived sector lending and investment are provided by the two public commercial banks, Nepal Bank Limited and Rastriya Banijya Bank. Until recently the priority lending was set at 12% of the loan portfolio. It is now being phased out, ending completely in 2010, while the 3% deprived sector requirement will stay in place, and therefore loan and investment in microfinance with it. As of mid July 2003, Rs.22,605 million were affected to the priority sector, while Rs. 3,563 million allocated to deprived sector lending, from which 132.6 million was in the form of equity. Under this requirement, investments made by commercial banks in the Rural Microfinance Development Center, an apex organization providing wholesale fund to microfinance, can be seen as a new link between the formal finance sector and microfinance.

Business: The Economy Trillions in currency trading

Monday, October 19, 1998 Published at 15:46 GMT 16:46 UK Business: The EconomyTrillions in currency trading Currency traders doing $1.5 trillion in daily business Average turnover on the world's foreign exchange (forex) markets reached almost $1,500bn a day in April this year, according to the Bank for International Settlements (BIS).
The volume of forex trading is far greater than the size of foreign currency reserves held by any country.
The size of forex trade has played its part in the currency crises of emerging nations over the past year.
The exact figure, $1,490bn, or $1.49 trillion, is 26% higher than when the BIS, which represents central banks, last measured flows in 43 different countries three years ago.
Centred in London
Almost a third of all forex trading occurs in London, by far the world's largest centre, with New York and Tokyo second and third.
US dollar and yen most tradedAt current values, transactions involving US dollars on side of the trade accounted for 87% of forex business. The Japanese Yen was the second-most traded currency.
However, less than half the transactions were simple 'spot' deals, the immediate purchase of currency for commercial transactions.
Most forex trading is on the futures market where currency buyers undertake to buy at a set price at a specified date in the future.
Futures gambling
Foreign exchange futures allow companies to plan their import, export and foreign investment operations with the certainty of knowing what will be the value of the currencies they trade in.
George Soros: forex speculatorHowever, increasingly the forex futures market is home to rich individuals and 'hedge funds' who speculate against currency movements attempting reap windfall gains.
George Soros is the most high-profile example of such currency speculators.
The advent of the euro next year is expected start to stem the sharp increases in forex dealings as eleven European currencies consolidate into one over the next three years.
Global crises
The figures shed some light on how financial crises began in emerging economies over the last year.
The ability for massive daily foreign currency flows to take place made possible the almost overnight collapses of the currencies of countries like Thailand, Indonesia and Russia.
As confidence in the economies of these countries fell away, demand for their currencies fell as investors took their capital out or stopped bringing it in.
Governments had tried to buy their own currencies to underpin their value but couldn't keep up with the sellers.
When they stopped their own forex activity, the forces of demand and supply saw the baht, rupiah and rouble in turn crash in value deepening the crisis of confidence and economic slowdown.
Speculators constantly watching for these market developments hastened the process.

Forex.com UK LTD

FOREX.com UK Ltd is a trading name of GAIN Capital - FOREX.com UK Limited, a subsidiary of GAIN Capital Holdings, Inc. GAIN Capital is a global leader in foreign exchange trading, serving retail and professional clients in over 140 countries worldwide through its direct and partner brands, and supporting average trade volume of nearly $200 billion per month. With FOREX.com UK, you have 24 hour access to the global foreign exchange market, plus powerful charting tools, expert market research and commentary, and advanced forex trading tools. We also offer a wealth of education and training, covering everything from getting started in forex to understanding technical analysis and developing a trading strategy. Register for a practice account today to see for yourself.