Foreign exchange market participants who seek out the best FX rates in the markets and match the buy and sell orders for a fee are called:
A) FX dealers.
B) FX brokers.
C) FX arbitrageurs.
D) FX day traders.

Question

Quizplus · Accepted Answer

FX brokers are the market participants who match the buy and sell orders of their clients to provide the best FX rates in the markets for a fee. FX dealers, on the other hand, are market makers who engage in trading activities themselves by quoting their own buy and sell prices. FX arbitrageurs seek to exploit price discrepancies in different markets to make profits, while FX day traders aim to profit from short-term price movements in the FX market.

Foreign Exchange Market Participants Who Seek Out the Best FX