How interbank forex works - page 3

 
Yuriy Asaulenko:

Before finding out how Fores works, I would like to know what it is all about. Where is it located, who are the owners, the founders. Who gets paid these 6,000 quid at all(Apart from that, you will have to bear the cost of up to 6,000 dollars a month for an interbank information and tradingterminal).

From reading wikipidea, one gets the impression theimpressionthat Forexas a separate market exists only in Russia.

Where do the quotes come from? - They are just commodity-quoted prices of relevant futures.

https://www.mql5.com/ru/forum/12342
Справочник трейдера: ордера, цены, стакан, фонды, валюта
Справочник трейдера: ордера, цены, стакан, фонды, валюта
  • www.mql5.com
Как формируются котировки Forex.
 
Server Muradasilov:
https://www.mql5.com/ru/forum/12342

I'll read it, but it's not documents. The link https://www.mql5.com/ru/forum/12342 does not answer any question. It's nothing more than someone else's opinions. they can be right or wrong.

These are, say, the documents - Moscow Exchange,

I haven't seen any real documents on forex, always and only in someone else's account. Imho, nobody seems to have seen them. :)

Справочник трейдера: ордера, цены, стакан, фонды, валюта
Справочник трейдера: ордера, цены, стакан, фонды, валюта
  • www.mql5.com
Как формируются котировки Forex.
 
Yuriy Asaulenko:

I will read it, but it is not a document. The link https://www.mql5.com/ru/forum/12342 does not answer any questions. It's nothing more than someone else's opinions. they can be right or wrong.

These are, say, the documents - moex.com

I haven't seen any real forex documents, always and only in someone else's account. Imho, nobody seems to have seen them. :)

The author of this thread can be trusted as I am :) I do not know about the Moscow Exchange - one thing I do know, in 2015 there were 300 failures there, and this year there are constant failures and no liquidity))) In a word, it is a mess.

I was planning to go there last year but I have to wait.

 
Server Muradasilov:

The author of this thread can be trusted as I am :) I do not know about the Moscow Exchange - one thing I do know, in 2015 there were 300 failures there, and this year there are constant failures and no liquidity))) In a word, it is a mess.

I was planning to go there last year but I have to wait.

Yes, MOEX is not very good right now, I agree. But that is not what I mean. Let's say so.

You again - the author can be trusted. Let's assume so. But may I see the documents? The market should be documented. I even have to.

LSE - I can look, CME - I can look, etc. - no problem. And you don't need uncle Vasya, that you can trust like yourself.

And forex - where are they, the documents?

 
Yuriy Asaulenko:

Yes, MOEX is not very good right now, I agree. But that is not what I mean. Let's say so.

You again - the author can be trusted. Let's say so. Can we see the documents though? The market must be documented. You have to.

LSE - I can look, CME - I can look, etc. - no problem. You don't need an uncle, whom you can trust like yourself.

And the Forex market - where are they, the documents?

Give me a link to MOEX where you can read the documents (what do you mean by the word documents?). (Regulators) And the documents should logically be there?
 
Server Muradasilov:
Give me the link to MOEXCE, where you can read the documents (what do you mean by the word documents?) Doesn't Forex regulate stock exchanges? (regulators)

moex.com - all documentation about the market and all the instruments is available here. You can find it.

Forex is not regulated by regulators. Exchanges have nothing to do with forex, although financial instruments are traded.

Banks will not trade in any market if it is not regulated or regulated by anyone. It is like trading on a flea market. A bank? Can you imagine?

So, Forex as an interbank market is strictly regulated. Where are these documents? Apparently they are not in the wild, if they cannot be found in two clicks.

 
Yuriy Asaulenko:

moex.com - here you will find all documentation on the market and all of the instruments. You will find it.

Forex is not regulated by regulators. Exchanges have nothing to do with forex, although financial instruments are traded.

Banks will not trade in any market if it is not regulated by anyone or anything. It is like trading on a flea market. A bank? Can you imagine?

Forex, as an interbank market, must be strictly regulated. Where are these documents? Apparently they are not in the wild, if they cannot be found in two clicks.

Who gives licenses to Forex brokers, as well as to banks that sell Forex? For example, Dukascopy, do they provide access from out of the blue? ....

Forex Regulators in the US

SEC (Securities and Exchange Commission)

NFA (National Futures Association)

FINRA (Financial Industry Regulatory Authority) - Financial Sector Regulatory Authority

CFTC (Commodity Futures Trading Commission) - Commission for Futures Trading

Forex Regulators in UK

FSA (Financial Services Authority) - Financial Services Authority

European ForexRegulators

ESMA (European Securities and Markets Authority)

MiFID (The Markets in Financial Instruments Directive)

Forex Regulators in Japan

FSA Japan (Financial Services Agency of Japan) Japan Financial Supervision Authority

Forex Regulators in Australia

ASIC (Australian Securities and Investment Commission)

Forex Regulators in Switzerland

FINMA (Swiss Financial Market Supervisory Authority) - Swiss Financial Market Supervisory Authority

Forex Regulators in Canada

CDCC (Canadian Derivatives Clearing Corporation)

BCSC (British Columbia Securities Commission) - British Columbia Securities Commission

OSC (Ontario Securities Commission) - Ontario Securities Commission

Forex Regulators in Denmark

Danish FSA (Danish Financial Supervisory Authority)

German Forex Regulators

Bafin (Federal Financial Supervisory Authority)

Forex Regulators in Cyprus

CySEC (Cyprus Securities and Exchange Commission)

Swedish Forex Regulators

Swedish FSA (Swedish Financial Supervisory Authority)

Forex Regulators in New Zealand

FSPR (Financial Service Provider Register) - Registrar of Financial Service Providers, New Zealand

 
Server Muradasilov:
Who gives licenses to forex brokers, as well as to banks that provide forex services? Dukascopy for example, do you think they give them access from the dead? ....

There are no licences in forex. And the bank provides quotes to brokers on the basis of a contract - a common commercial service

And all these regulators are for the stock and derivatives market.

 
Server Muradasilov:
Who gives licenses to forex brokers, as well as to banks that have forex, for example Dukascopy, do they give them access from the dead? ....

Where have you seen a Forex broker? There is a brokerage company that broadcasts quotes and collects money. Tell me where you can see a list of Forex brokers? If there is no such a list, then anyone can be called a broker, or a brokerage company, or a viceroy of India. Have you ever seen such a license? Alpari? - Look - it's a mere paper trail, not a licence.

By the way, you will be surprised to find out what the brokerage companies sell. If you have not paid attention, read carefully the list of instruments. The brokerage companies have nothing to do with most of these instruments and have no right to trade them.

On MOEX you can see absolutely all brokers in a list.

 
Server Muradasilov:
...........................

FSPR (Financial Service Provider Register) - Registrar of Financial Service Providers, New Zealand

That's not what you're talking about at all. You can open a casino and you will need permission from the same authorities.

It has nothing to do with FOREX. Once again, where are the documents regulating the Forex market? If they do not exist - it is not a market, but a ghost of a market.