Currency Trading

Business / Taxes / Currency Trading: The global currency market, where roughly $1.9 trillion a day changes hands, is by far the largest financial market in the world. Banks, other financial institutions, and multinational corporations buy and sell currencies in enormous quantities to handle the demands of international trade. In some cases, traders seek profits from minor fluctuations in exchange rates or speculate on currency fluctuations.

Reserve Currency

Business / Finance / Reserve Currency: A foreign currency held by a central bank or monetary authority for the purposes of exchange intervention and the settlement of intergovernmental claims. MORE

Reporting Currency

Business / Finance / Reporting Currency: The currency in which the parent firm prepares its own financial statements; that is, U.S. dollars for a U.S. company. MORE

Proprietary Trading

Business / Finance / Proprietary Trading: Principal trading in which firm seeks direct gain rather than commission dollars. MORE

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