Glossary

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Marketmaker
This is a bank or a large financial services company that determines the current level of the exchange rate (see) due to a significant proportion of their total operations in a particular currency, the tool or the market in general. Marketmakers conduct transactions with each other, with smaller finance companies or banks that are users of the market. This is why they establish the current level of the exchange rate. In addition, market makers are brokerage companies and they can act on the OTC market as the direct participants of transactions.

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Citadel of Trading