What is a voice trade?

What is a voice trade?

Voice Trading Facility means a Trading Session during which a particular structured form of non-automated trade matching functionality is available to market participants.

What is a voice broker?

Quick Reference. Carrying out a trade by telephoning a broker, rather than using an electronic trading system. Voice broking is most common for large-volume trades or those involving complex instruments.

What is electronic FX trading?

Electronic currency trading allows forex trading over the internet via online brokers and currency exchanges. Electronic trading maintains global access to the 24/7 FX market and promotes greater trading efficiency at lower cost for traders.

What is trader voice technology?

Voice trading turrets Trading turrets enable users to visualize and prioritize incoming call activity from customers or counter-parties and make calls to these same people instantaneously by pushing a single button to access dedicated point-to-point telephone lines (commonly called Ringdown circuits).

What is a turret phone?

A trading turret is a specialised phone system used by people who work in the financial industry. It’s designed for traders who experience a high volume of calls and need access to multiple lines to carry out split-second deals.

How much do interdealer brokers earn?

Base salaries from IDBs are often quite modest, coming in at around 80-120k depending on the product line and seniority, but the real money is made through taking a percentage of the money brokers bring in for the firms.

How do inter dealer brokers make money?

The interdealer broker makes its money by taking a small percentage of each trade as commission. As financial markets evolve and increasing amounts of trading takes place electronically, interdealer brokerage firms are also turning to electronic systems to broke deals between buyers and sellers.

What are FX products?

Forex (FX) refers to the global electronic marketplace for trading international currencies and currency derivatives. It has no central physical location, yet the forex market is the largest, most liquid market in the world by trading volume, with trillions of dollars changing hands every day.

What are the 3 types of forex traders?

What are the 3 types of forex traders?

• The 3 main types of forex traders are position traders, swing traders and day traders.
• Position traders rely on fundamental research and holding their trades for long periods.

Who is a position trader in forex?

What Is a Position Trader? A position trader buys an investment for the long term in the expectation that it will appreciate in value. This type of trader is less concerned with short-term fluctuations in price and the news of the day unless they alter the trader’s long term view of the position.

Why choose voicetrading?

A fast growing telecommunication service provider, VoiceTrading offers some of the best rates in the industry, through its collaboration with over 60 carriers. We provide you only the best quality termination services on the VOIP market today.

Are voice communications still relevant in the financial market?

Despite the trend towards electronic trading, voice communications between traders and their clients still sit at the heart of global financial markets.

How has technology advanced the fastest in dealer to customer trading?

Electronification advanced the fastest in dealer-to-customer trading. Dealers and customers navigated a highly fragmented market by leveraging technology to trade across electronic venues. Aspects of FX intermediation tilted more towards non-banks as new market-makers, albeit brokered by top dealers.