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Market participants

Central banks, FX dealers, funds, retail — who really moves the 9.6 trillion dollar daily market.

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Three short paths help you choose the right explanation. The complete topic list follows below.

Understand the liquidity chain

  1. Interbank market: counterparties, credit and execution prices
  2. Market makers and tier-1 dealers: quotes, inventory and funding
  3. FX prime brokerage: give-ups, counterparties and limits

Distinguish participant objectives

  1. Central banks in forex: policy, reserves and intervention
  2. Corporations in the currency market — who hedges the rate
  3. Hedge funds in FX — strategies, prime brokerage and exposure

Check the limits of retail information

  1. Retail versus institutional traders — an honest comparison
  2. Algorithmic trading firms: roles, HFT and execution
  3. Are there dark pools in forex? How hidden liquidity works

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Central banks in forex: policy, reserves and intervention8 min →Hedge funds in FX — strategies, prime brokerage and exposure6 min →Market makers and tier-1 dealers: quotes, inventory and funding7 min →
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All articles

Central banks in forex: policy, reserves and intervention8 min →Hedge funds in FX — strategies, prime brokerage and exposure6 min →Market makers and tier-1 dealers: quotes, inventory and funding7 min →Retail versus institutional traders — an honest comparison9 min →Interbank market: counterparties, credit and execution prices7 min →Algorithmic trading firms: roles, HFT and execution7 min →Corporations in the currency market — who hedges the rate8 min →FX prime brokerage: give-ups, counterparties and limits7 min →Are there dark pools in forex? How hidden liquidity works8 min →