Foreign exchange dealer

Foreign exchange dealer

A firm or individual that buys foreign exchange from one party and then sells it to another party. The dealer makes the difference between the buying and selling prices, or the spread.

Foreign Exchange Dealer

A trader who buys and sells currencies. For example, a foreign exchange dealer may buy dollars from one party and sell them to another at a different exchange rate. The dealer profits from the difference in exchange rates between currencies.
Mentioned in ?
References in periodicals archive ?
Bank regulators have cancelled the certificate of registration of PCO Foreign Exchange Center as an accredited foreign exchange dealer and money changer due to 'significant violations' that included 'non-compliance' with the Anti-Money Laundering Act.
The BVNs of each consumer will now be validated by the CBN Authorised Foreign Exchange Dealer through the Nigerian Interbank Settlement System (NIBBS) platform before the transaction goes through.
Chief foreign exchange dealer at ETX Capital, Richard Wiltshire, commented "We are loading up .
POLITICAL uncertainty following a potential Yes vote in the Scottish referendum "is likely to be negative" for sterling, according to the world's largest foreign exchange dealer.
The euro was also flat vis-a-vis the dollar and the yen with its downside supported as eurozone fears were somewhat alleviated after Cyprus banks reopened overnight without "a notable mess," a foreign exchange dealer in Tokyo said.
The market was caught short following the rate cut decision, and hence the dollar/rupee spiked up," said Vikas Babu Chittiprolu, a senior foreign exchange dealer with state-run Andhra Bank.
The company is dually registered by the Commodity Futures Trading Commission ("CFTC") as a Futures Commission Merchant and a Retail Foreign Exchange Dealer, and has been a member of the National Futures Association ("NFA") since 2007, NFA Member ID: 0379678.
22 February 2013 a[euro]" US online trading services provider GAIN Capital Holdings Inc (NYSE:GCAP) said Friday it agreed to buy the US-based retail customer accounts of retail foreign exchange dealer FX Solutions LLC for an undisclosed sum.
Alpari (US), LLC is dually registered with the CFTC as a Futures Commission Merchant and Retail Foreign Exchange Dealer and has been a member of the NFA since 2007 - Member ID: 0379678.
A former foreign exchange dealer, he has come under fire for several gaffes.
Enterprise software company Progress Software Corporation (Nasdaq:PRGS) announced on Tuesday that foreign exchange dealer Jefferies Bache Financial Services Inc has selected and implemented the Progress Apama FX eCommerce solution.
The new government is caught between a rock and a hard place - they have a lot to deliver but the economy can't support any fiscal expansion," said a Bucharest foreign exchange dealer.

Full browser ?