Foreign Exchange is the trading of one currency for another. For example, one can swap the U.S. dollar for the euro. Foreign exchange transactions can take place on the foreign exchange market, also known as the Forex Market.
The forex market is the largest, most liquid market in the world, with trillions of dollars changing hands every day. There is no centralized location, rather the forex market is an electronic network of banks, brokers, institutions, and individual traders.
Source: investopedia.com
The Commodity Futures Trading Commission (CFTC) released an interpretive letter providing views on certain foreign exchange (FX) transactions. The letter (CFTC Letter No. 25-10) delivers the...
During their respective earnings calls earlier this month, Amazon and Walmart were cautious in their first-quarter 2025 outlooks, reflecting concerns about inflation and slowing consumer...
Business services provider Vistra and financial platform Airwallex announced a partnership on the Vistra platform. Via the collaboration, Vistra will integrate Airwallex’s business account and...
London-based startup E-Money Markets raised 700,000 pounds (about $882,000) in pre-seed funding to build a white-labeled foreign exchange solution. “This milestone is a crucial step...
As the global transportation and logistics sectors navigate economic uncertainty, rising fuel costs and increasing regulatory pressures, fleet managers are reevaluating their operational strategies. The...
Just a few years ago, cross-border payments were inefficient at best and filled with friction at worst. They were opaque and took days to settle....
Derivative Path and Wells Fargo have partnered to help regional and community banks provide foreign exchange (FX) payment services. The solution enabled by this collaboration...
Waza has introduced a multi-currency account platform called Lync that it said is designed to power global trade for businesses in emerging markets. Lync is designed to...
In cross-border payments, getting paid isn’t just a matter of when — it’s a matter of how. News broke onWednesday (Dec. 11) that financial platform...