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Historically, a foreign exchange (FX) service was an access service in a telecommunications network in which a telephone in a given exchange area is connected, via a private line, as opposed to a switched line, to a telephone exchange or central office in another exchange area, called the foreign exchange, rather than the local exchange area ...
As of 2010, the average daily turnover of global FX spot transactions reached nearly US$1.5 trillion, counting 37.4% of all foreign exchange transactions. [1] FX spot transactions increased by 38% to US$2.0 trillion from April 2010 to April 2013.
FXall (FX Alliance Inc) is a foreign exchange aggregator providing electronic trading to banks and brokers using an electronic communication network with headquarters in New York. The company provides electronic trading in the foreign exchange market to institutional clients using straight through processing. Clients include active traders ...
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Time to expiry is usually quoted either as "overnight" or in terms of a number of days, weeks, months or years. In general, the expiry date can be any weekday, even if it is a holiday in one, or both of the currencies, except 1 January.
The cold will be pervasive – more than 70% of the country’s population will experience freezing temperatures over the next week – and stick around well into the month, increasing chances for ...