Month: March 2021

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What is the Interbank Market?

March 3, 2021 admin Comments Off on What is the Interbank Market?

Most new investors aren’t familiar with the interbank market unless they’re focused on forex. Unlike exchanges, forex is an over-the-counter market. This means that there’s no one central source of truth for the price of a security. And it’s the governing body for the forex market. It’s what dictates the price an investor receives when they decide to open a forex position.
The interbank market is exactly what it sounds like. It’s a collection of major banking institutions that facilitate the exchange of currency among themselves. In doing so, they also set the exchange rate and interest rates on certain …read more […]