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Home > QFINANCE Dictionary > Definition of foreign exchange broker

Definition of

foreign exchange broker

Currency & Exchange

trader in foreign currencies a person whose business is to buy and sell foreign currencies

foreign exchange broker - Related Articles

  • Hedging Foreign Exchange Risk—Case Studies and Strategies

    Checklists

    The forward rate is 1.2100, and the company wants the certainty of a worst-case rate but doesn’t want to lose out if the rate goes up. The foreign exchange broker offers a rate of 1.1800, with the option to buy half the currency on the spot market two days before completion of the transaction.

  • The Foreign Exchange Market: Its Structure and Function

    Checklists

    This checklist describes how the foreign exchange market works and the types of transactions conducted on it.

  • Pension Funds—The Dangers of Taking Off-Benchmark Foreign Exchange Risk

    Viewpoints

    Mark Hogg joined RBC Dexia in February 2010. As Director for FX Product Development, Mark has overall responsibility for driving foreign exchange product strategy and growth for RBC Dexia. Prior to this appointment, Mark spent 9 years with Fidelity International and progressed to the overall responsibility for all FX hedging and currency overlay activity for all Fidelity International Investment funds and products globally
    By Mark Hogg

  • Interdependence of National and International Markets: The Foreign Information Transmission (FIT) Model

    Best Practice

    The MS persistence, or clustering, of volatility has been initially documented between only a few pairs of international stock markets, and for major foreign exchange rates in the currency market. Recently, however, evidence from the currency market has been extended, and innovative new methodology
    By Boulis Ibrahim, Janusz Brzeszczynski

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Definitions of ’foreign exchange broker’ and meaning of ’foreign exchange broker’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’foreign exchange broker’ and other financial terms with our online QFINANCE Financial Dictionary.

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