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.
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He said it was now incumbent on each foreign exchange dealer and cambio to 'follow through on their commitment to adopt the principles to which the Jamaica foreign exchange market has signed'.
Tenders are invited for appointment of foreign exchange dealer
He claimed that Paypal Payments Private Limited is operating as a foreign exchange dealer in contravention of the Foreign Exchange Management Act.
The money was channeled to a foreign exchange dealer, Philrem Service Corp., and transferred to accounts at other banks and to local casinos before being moved out of the country.
According to foreign exchange dealer, the dollar rise on demand and supply issues, selling was less compared with buying orders.
The violations announced stem from an investigation by DFS determining that from 2007 to 2013, when Deutsche Bank was the largest foreign exchange dealer in the world, the Bank repeatedly engaged in improper, unsafe, and unsound conduct in its foreign exchange business due to its failures to implement effective controls.
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.
In its guidelines for banks opening an IBU at an IFSC, the RBI said that only those with a foreign exchange dealer's licence will be allowed to apply.
The Bank of England said in a separate review on Wednesday, that its chief foreign exchange dealer, Martin Mallet, had not alerted his bosses that traders were sharing information.
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.

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