________ are agents who facilitate trading between dealers without themselves becoming principals in the transaction.

Question

Quizplus · Accepted Answer

Foreign exchange brokers serve as intermediaries between dealers, helping to facilitate transactions without taking a direct position in the trade. This allows for greater ease of trading and liquidity in the foreign exchange market. Central banks and arbitrageurs may also play a role in the market, but they do not typically act as brokers. Foreign exchange dealers, on the other hand, are the primary participants in the market, buying and selling currencies for their own account or on behalf of clients.

________ Are Agents Who Facilitate Trading Between Dealers Without Themselves