It has already rated more than 5000 foreign exchange brokers
from 100 nations, and gathered the qualifications of nearly 80% of brokers at the international level, from 120 national regulators.
It said all online foreign exchange brokers
or money managers not licensed by the Authority should cease trading immediately.
The functions of the US foreign exchange market are carried out by a number of institutions: Commercial banks, central banks, foreign exchange dealers, retail foreign exchange brokers
, commercial institutions, investment management firms, hedge fund institutions, multinational corporations or MNCs and retail foreign exchange traders.
Foreign exchange brokers
such as PhillipCapital UK and Saxo Bank have raised the security deposit they demand from clients in order to trade, a step designed to offset the increased risk that customers get caught out by sharp moves.
FasaPay offers fast, safe and reliable transaction services for online stores, foreign exchange brokers
, donation systems, and other FasaPay affiliated online businesses.
Daniel Wright, associate director at foreign exchange brokers
currencies.co.uk, said sterling would take one step backwards and two steps forward in 2011.
The euro slipped below US$1.34 on 24 March, for the first time in ten and a half months, penalised by the possibility of the International Monetary Fund stepping in to curb the Greek crisis, seen as an admission of powerlessness by foreign exchange brokers
. The euro is suffering from "an erosion of confidence [by investors] in the EU following the comments by French and German leaders, who said that any rescue plan for Greece would require IMF aid," commented analysts.
The approval materialised after the Swiss government revised its decree on banks that affect foreign exchange brokers
in April 2009.
The service is designed to help foreign exchange brokers
, banks, trading platforms and FX portals serve their Arabic-speaking investment and trading clients.
Howard Selwyn, vice president of foreign exchange brokers
Eurobrokers worked on the 84th floor of the World Trade Centre's south tower.
Two foreign exchange brokers
in Japan announced Monday they have agreed to set up a joint company in September to handle their brokerage business and foreign currency lending in an effort to increase profitability.