Resources for foreign exchange sales and trading.
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Think Beyond the US Dollar - Think Foreign Currencies with EverBank.
Looking For Foreign Currency Exchange? Find It By Location With Local.com!
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Foreign Exchange Information Resources
Avoid forex fraud with important information about foreign exchange tradingBy Gennifer Harding-Gosnell Foreign exchange information resources work as your best defense against becoming a victim of foreign exchange (forex) fraud. Foreign exchange information resources provide everything from forex news and forex alerts to attorney referrals for forex scams.
The Commodity Futures Trading Commission (CFTC), the United States' government agency for forex trading, is the best of your foreign exchange resources to use. The CFTC provides some common warning signs of possible forex fraud:
1. If it sounds too good to be true or the company guarantees large profits with little financial risk, walk away.
2. Don't trade on margin unless you have a clear understanding of the concept; it's usually considered too risky for occasional traders.
3. Do not work with companies who won't provide references or background information. Most online foreign exchange resources can help validate a company's record for you.
4. Be wary of firms that claim to trade in the "interbank market". Investment banks and large corporations are usually the only players in the interbank market. Check firms that claim to trade via the interbank market in a foreign exchange reference.
5. Question companies that ask to have cash transferred via Internet or mail.
Use forex information resources to do your own background check
Research the company or individual offering you the forex contract with the foreign exchange information resources referenced in this guide.
Try:
Visit the National Futures Association's online Background Affiliation Status Information Center (BASIC) to check the history and credibility of the company.
Be your own foreign exchange reference
If it's a legitimate offer, your contact won't mind answering questions and providing you with the offer in writing. Ask if the individual would mind speaking to a third-party, such as your attorney or financial adviser. Inquire about company forex analysis, a prospectus or risk disclosure statement.
Try:
Review the list of questions at ForexFraud.com's "Don't be a Victim."
Report suspicious companies and forex info
Forex exchange information resources provide forex news, alerts and forex attorney references. Investigate further or completely ignore investment opportunities that match several of the CFTC's guidelines for fraud.
Try:
Fill out an Information Reporting Form to the CFTC to report suspicious offers and activities.
- Most banks and investment firms today employ Foreign Exchange Specialists who work specifically to help you manage your risk in the foreign exchange market.
- Have a regular contact available to you as one of your best forex information resources if foreign currency is a big part of your business.
- Scam artists are looking for gullible people; the more informed you appear, the less likely they are to continue trying to work you over.
Think Beyond the US Dollar - Think Foreign Currencies with EverBank.
Looking For Foreign Currency Exchange? Find It By Location With Local.com!
Real-time Charts, & Transparent Bid Pricing Available. Free 90-day Demo
Canonical Data eXchange Community. Join Today For NIEM In The Cloud!
Description of the characteristics, advantages, and disadvantages of this type of foreign exchange forward contract where one party has the right, but not the obligation to terminate the contract at one or more pre-determined times during the life of the
http://my.dreamwiz.com/stoneq/products/break.htm
Description of the characteristics, advantages, and disadvantages of this type of swap, similar to an interest rate swap, but where each leg of the swap is denominated in a different currency.
http://my.dreamwiz.com/stoneq/products/ccs.htm
Cross-Currency Interest-Rate Swaps for Borrowers
By way of a concrete example, Allied Irish Bank's Derivatives Group explains how to apply a cross-currency interest rate swap.
Federal Reserve Bank of St. Louis
Historical U.S. economic and financial data, including daily U.S. interest rates, monetary and business indicators, exchange rates, for Arkansas, Illinois, Indiana, Kentucky, Mississippi, Missouri and Tennessee.
http://www.stls.frb.org/fred/index.html
Federal Reserve Board - Statistics
Releases historical data on commercial paper, foreign exchange rates, US Fed assets, selected interest rates, consumer credit and finance companies.
http://www.federalreserve.gov/releases/
Description of this type of cross currency par forward, where one of the legs is dependent upon the floating interest rate of the currency rather than the fixed rate.
http://my.dreamwiz.com/stoneq/products/frpf.htm
Global Cash Management: Strategies For Netting and Reinvoicing
Article in businessfinancemag.com that argues that an understanding of netting and reinvoicing can reduce business' cost of payments and foreign exchange, and help achieve substantial tax savings.
http://www.businessfinancemag.com/archives/appfiles/Article.cfm
Global-View is a hub for foreign exchange on the internet. Its Forex Forum attracts forex traders, interbank forex dealers, futures traders, fund managers, and provides an opportunity to exchange ideas in real-time.
Interest Rate and Currency Swaps
Primer on interest rate and currency swaps from University of Michigan's professor Perry.
http://spruce.flint.umich.edu/~mjperry/466-10.htm
Description of this type of interest rate swap where the fixed interest rate leg is linked to the performance of a defined FX rate.
http://my.dreamwiz.com/stoneq/products/lfls.htm
A paper on the basics of structuring and pricing nondeliverable currency forwards. Also, includes hedging examples.
http://www.ssc.upenn.edu/econ/econ150/Chapt13/sld001.htm
Numerical Valuation of Cross-Currency Swaps and Swaptions
A working paper that tests continuous time models of swaps and swaptions via discrete numerical examples; presented by Dempster and Hutton of the University of Essex.
Offers a currency converter with exchange rates for all 164 world currencies, charts, advanced foreign exchange forecast, trader advisories, currency cheat sheets for travelers, historical currency tables, interactive daily tables, and more.
Provides access to current and historic daily exchange rates through an on-line database retrieval and plotting system.
http://pacific.commerce.ubc.ca/xr/
Description of this type of agreement to exchange a series of cashflows over time in one currency for a series of cashflows in another currency with all exchanges occurring at the same exchange rate.
http://my.dreamwiz.com/stoneq/products/par.htm
Participating Forwards for Currency Sellers
Allied Irish Bank's description of an option-like currency forward contract.
http://www.iol.ie/~aibtreas/derivs-pe/pe-a23.htm
Article in businessfinancemag.com that describes the influence of the Internet on foreign exchange trading.
http://www.businessfinancemag.com/archives/appfiles/Article.cfm
Description of the characteristics, advantages, and disadvantages of this type of forward where one party has the right to extend the maturity of the transaction.
http://my.dreamwiz.com/stoneq/products/rpf.htm
Lecture note by Ian Giddy of the Stern School of Business.
http://www.stern.nyu.edu/~igiddy/corphdg.htm
The Foreign Exchange Market in the United States
A book by the Federal Reserve bank of New York in Adobe Acrobat's PDF format.
The Group of 31 Report: Core Principles for Managing Multinational FX Risk
A study by Greenwich Treasury Advisors of major corporations' methods of managing foreign exchange risk.
http://www.gtallc.com/register_form.cfm
Tips & Advice to help you make your decision on Foreign Exchange Information Resources
The foreign exchange market is a worldwide decentralized financial market for the trading of currencies. The market encompasses financial centers and currencies on a global basis. Foreign exchange information resources help businesses and individuals everywhere to stay abreast of the latest developments in this constantly changing market.
You'll find a wide variety of different foreign exchange information resources available to choose from. These resources can help you to keep track of the latest exchange rates and inform you about foreign exchange scams or frauds that may currently being perpetrated. Making informed decisions in regard to the foreign exchange market can be ... more
The foreign exchange market is a worldwide decentralized financial market for the trading of currencies. The market encompasses financial centers and currencies on a global basis. Foreign exchange information resources help businesses and individuals everywhere to stay abreast of the latest developments in this constantly changing market.
You'll find a wide variety of different foreign exchange information resources available to choose from. These resources can help you to keep track of the latest exchange rates and inform you about foreign exchange scams or frauds that may currently being perpetrated. Making informed decisions in regard to the foreign exchange market can be important to businesses of all types. This is particularly true in regard to businesses involved in the financial markets.
Helpful resources dedicated to foreign exchange information can provide you with up-to-date news and information regarding the forex market and issue alerts regarding forex scams. Resources of this kind may be government agencies or privately run organizations. The Internet can be a useful tool in finding out more about the foreign exchange market and foreign exchange resources. Business.com is a trusted resource that can make it easier to explore your options. Visit the links on the left to learn more.