ALL FOREX

MARKET SIZE AND LIQUIDITY.ALL FOREX
The foreign exchange market is unique because of:its trading volume,the extreme liquidity of the market,the large number of, and variety of, traders in the market,its geographical dispersion,its long trading hours - 24 hours a day (except on weekends).the variety of factors that affect exchange rates,According to the BIS [1], average daily turnover in traditional foreign exchange markets was estimated at $1,880 billion. Daily averages in April for different years, in billions of US dollars, are presented on the chart below:Global foreign exchange market turnover:$621 billion spot$1.26 trillion in derivatives, ie$208 billion in outright forwards$944 billion in forex swaps$107 billion in FX options.Exchange-traded forex futures contracts were introduced in 1972 at the Chicago Mercantile Exchange and are actively traded relative to most other futures contracts. Forex futures volume has grown rapidly in recent years, but only accounts for about 7% of the total foreign exchange market volume, according to The Wall Street Journal Europe (5/5/06, p. 20).Average daily global turnover in traditional foreign exchange market transactions totaled $2.7 trillion in April 2006 according to IFSL estimates based on semi-annual London, New York, Tokyo and Singapore Foreign Exchange Committee data. Overall turnover, including non-traditional foreign exchange derivatives and products traded on exchanges, averaged around $2.9 trillion a day. This was more than ten times the size of the combined daily turnover on all the world’s equity markets. Foreign exchange trading increased by 38% between April 2005 and April 2006 and has more than doubled since 2001. This is largely due to the growing importance of foreign exchange as an asset class and an increase in fund management assets, particularly of hedge funds and pension funds. The diverse selection of execution venues such as internet trading platforms has also made it easier for retail traders to trade in the foreign exchange market. [2]Because foreign exchange is an OTC market where brokers/dealers negotiate directly with one another, there is no central exchange or clearing house. The biggest geographic trading centre is the UK, primarily London, which according to IFSL estimates has increased its share of global turnover in traditional transactions from 31.3% in April 2004 to 32.4% in April 2006. Other large centres include the US (with a 18.2% global share), Japan (7.6%) and Singapore (5.7%) (Chart 2). Most of the remainder was accounted for by trading in Germany, Switzerland, Australia, Canada, France and Hong Kong.The ten most active traders account for almost 73% of trading volume, according to The Wall Street Journal Europe, (2/9/06 p. 20). These large international banks continually provide the market with both bid (buy) and ask (sell) prices. The bid/ask spread is the difference between the price at which a bank or market maker will sell ("ask", or "offer") and the price at which a market-maker will buy ("bid") from a wholesale customer. This spread is minimal for actively traded pairs of currencies, usually only 0-3 pips. For example, the bid/ask quote of EUR/USD might be 1.2200/1.2203. Minimum trading size for most deals is usually $100,000.These spreads might not apply to retail customers at banks, which will routinely mark up the difference to say 1.2100 / 1.2300 for transfers, or say 1.2000 / 1.2400 for banknotes or travelers' checks. Spot prices at market makers vary, but on EUR/USD are usually no more than 5 pips wide (i.e. 0.0005). Competition has greatly increased with pip spreads shrinking on the major pairs to as little as 1 to 1.5 pips.

The foreign exchange

The foreign exchange ( currency or forex or FX)
market exists wherever one currency is traded
for another. It is by far the largest financial market
in the world, and includes trading between large
banks,central banks,currency speculators,
multinational corporation,governments,and others
financial market and institutions. The average daily
trade in the global forex market currently exceed US$1.9
trillion.Retail traders (individuals) are a small fraction of
this market and may only participate indirectly through
brokers or banks.

allaboutbollywood

HI this is wasim

Mallika Sherawat turns evil now

Mallika Sherawat is all set to have a brush with her negative side. The actress plays a vamp in Prashant Chhada’s Aap Ka Suroor—The Moviee—The Real Love Story. Confirming this, the news source revealed, "It is true that Mallika plays a character with grey shades in the film." The source added, "She plays the role of an obsessed fan in the film. She cannot digest seeing her idol, Himesh Reshammiya, in love with someone else. Mallika’s character is the one who repeatedly attempts to create rifts in Himesh’s life in the film."
Meanwhile Himesh has not yet decided whether his film will have happy or a sad climax. "Himesh is in two minds about the climax of the film. The decision about whether it is to have a happy or sad end is yet to be decided. I think that will be revealed only on June 29 when the film hits the theatres," the source said.
The source added, "Himesh has already completed the 40-day schedule in Germany. The last schedule will now be shot in Bangkok." Aap Ka Suroor... marks the foray of singer Himesh Reshammiya into films as an actor. Newcomer Riaa has been signed to play the female lead in the film. It may be recalled that Deepika Paudokone’s presence in Himesh’s music video had sparked off rumours that the model who would be making her debut as an actress in Himesh’s film.
Himesh, however, denied the news. The film is being made on a lavish scale and no expense is being spared to place it amidst state-of-the-art cinema. Aap Ka Suroor... has been extensively shot in Germany and various other locations around Europe. Five autorickshaws were sent from Mumbai to Germany for the shoot of the film. Gary Powell, the stunt director of Casino Royale, was especially roped in for the unusual action sequences in the film.

this is example

this is example

Preity upset over Suchitra dragging her name in break-up

Mumbai, Suchitra Krishnamurthy's outburst against Preity Zinta, blaming her for the break-up with hubby Shekhar Kapur, has upset the spunky actress.

Both Preity and her friend Ness Wadia are wondering why Suchitra has been talking in this way.

Preity denies having anything to do with Kapur and has issued the filmmaker an ultimatum to clear her name.

Preity told IANS: "I don't know how I get involved in controversies. Where do I come into this? I've met Shekhar maybe five times in 10 years. He was supposed to make my launch film. But it never happened. But we've kept in touch and we've met up when he was in India.

"In fact, I was supposed to have been directed by Shekhar for producer Vishal Bharadwaj in a film called 'Mantra'. That was the last I met him."

Preity called up Kapur asking him to clear her name immediately. Kapur, who was in Mumbai last week to meet his daughter, was apparently very embarrassed and has promised her that he would clear the air.

"Otherwise Preity will take drastic action against those who are bad-mouthing her," said a close friend of the actress.

"Kapur treats Preity like a child. He has virtually seen her grow up. Surely there're more discreet ways for an angry wife to be noticed? How would Suchitra like it if her six-year-old daughter is questioned by her friends in school about her dad and Preity? Suchitra claims Preity called her up and said not to talk this way because she (Preity) is getting married. No such thing happened," added the friend.