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Sterling Financial Training

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FX Dealing - Spot Market

Duration: Approx. 1 hour

This product is an online product and is a Single user, 1 Year licence.

Overview:

Every day, according to the latest survey by the Bank for International Settlements (BIS), almost two trillion dollars worth of currency flows through the foreign exchange market. The spot market and its dealers are at the heart of this activity. Every second of the day the value of currencies change, driven by global trade, investment, and speculation. This is a world where bulls and bears fight for control, where a 'yard' is a billion and 'cable' is an exchange rate between two of the most active currencies.

This tutorial explores the basics of dealing in the spot FX market. It describes the typical dealing room terminology, explains how a deal is transacted, and how cross rates are calculated. Finally, the tutorial takes a look at the process of running and squaring positions in the spot market.

Learn To:

FX Dealing – Spot Market covers the following topics:

  • Dealing Terminology
  • The Mechanics of Spot Dealing
  • Cross Rates
  • Foreign Exchange Positions


    • This tutorial is aimed at new or recent recruits to banking and financial organizations, operations and support staff, finance and accounting staff, dealers and traders.

    Objectives:

    On completion of this tutorial you will be able to:

  • recognize the typical dealing room terminology relevant to the foreign exchange (FX) market
  • outline how a spot deal is conducted
  • calculate a cross rate
  • describe how to run a position and square a position with a profit


    • Price:

    Normal Price: £80.00 (excl. VAT)

    Special Offer Price: £50.00 (excl. VAT)

    YOU SAVE: £30.00 (37.5%)

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