Foreign exchange trading refers to the exchange of one country’s currency with another currency. This is set by the exchange rate, expressed as a ratio between the present values of the two currencies.
The foreign exchange market, also known as the “Forex ” or “FX” market, is the largest financial market in the world, with an average daily trading volume of more than US $5.3 trillion. Forex markets are vastly larger than traditional stock, bond, or futures markets and the volume of transactions makes the market very difficult for an individual bank or institution to manipulate.
ACY provides 41 major currency pairs.
- Using ECN technology, all trades executed directly into the international market.
- The market is divided into major pairs, cross pairs, and emerging market currencies. Trading hours are 24 hours a day, 5 days a week.