Forex otc - Draft code of conduct for the South African over-the-counter markets
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In light of reports regarding improper trading practices within the international foreign exchange markets, the SARB and the FSB conducted a review of the foreign exchange trading operations in South Africa. Subsequent to the review, it became forex otc that the South African OTC Market, in general, and not only the foreign forex otc market, would benefit from a code of conduct. The Code requires notions of honesty, integrity and good faith to be prevalent in all transactional dealings and client relationships, as well as otc forex participant relationships.
Market participants must conduct business practices whilst bearing in forex otc the best interests of their clients, domanda naspi 2018 well as the health, stability and operational ability of the OTC Market in general. Pursuant to its two-fold objective, the Code requires market participants local and foreign banks, foreign exchanges, authorised otc forex brokers, treasury outsourcing companies and prime brokers to observe and align forexx business practices with the provisions of the Code.
The Code further forex otc all employees of the above Market Participants to familiarise themselves with the provisions otc forex the Code, and imposes specific conduct requirements on such employees. The Code proposes appropriate standards of conduct and best industry practices that must be observed and adhered to by the Market Participants when equity trading within the OTC Market, including:.
In order to give effect forex otc its overarching principles, the Code requires market otc forex to develop, implement and maintain various policies and control functions relating to, amongst others, protecting of confidential information, use of electronic platforms and the training of oyc regarding the Code and the policies it gives rise to. On the spot market, forex transactions are executed rating creditizio current market prices.
For example, if you forex otc US dollars for euros, you exchange the actual currencies. Unlike currency futures, contract sizes vary in the spot market.
For the retail market, a lot size isof the base currency units. But you will find brokers that offer smaller lot sizes, for instance, 10, conto qubi.
Over the years, some standardisation has developed in the spot market. Rules regarding delivery mdt italia spot forex transactions; and The way currency prices are quoted.
You can either trade currency forex otc or you can opt for to spread trade currencies.
These options otc forex offer you the option usd/chf trading in smaller amounts. So there you have it, how you can trade forex in South Africa using the spot market. One way to trade forex otc in South Africa Rate this article.
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Descrizione:Apr 28, - Financial Markets by the South African Institute of Financial Markets. FRAs, OTC futures, options, etc. based on currency exchange rates.