December 2015
Intermediate to advanced
313 pages
16h 2m
English
Content preview from International Business, 2nd Edition by Pearson
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140 International Business
Market Participants
The market for foreign exchange consists of individuals, corporations, banks and brokers who engage
in various transactions. Banks are linked together through telephone, internet, telex and a satellite
communications network called the Society for Worldwide Interbank Financial Telecommunications
(SWIFT), based in Brussels, Belgium. This computer-based communication system makes all com-
munication almost instantaneous, contributing to a worldwide market with narrower spreads for
participants.
Despite being a part of a global market, each country has its own unique tradition contributing to an
institutional ...
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