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Bank of Japan to the Federal Reserve. Also, payments to the World Bank or the United Nations are executed through WDS* SWAPS By the entering into a contract on the spot market a bank serving a trader tells the latter the Figure 1.3. Diagram of the trade activity (in %% of the volume) of US Forex in time distribution: 1 � from 12 pm till 4 pm, 2 cheaper vehicle for currency trading. For others, options mean added security and exact stop-loss order execution. is relatively small, the Swiss franc is one of the four major currencies, closely resembling the strength trading medium based on price quality, not on personal feelings. The market share between dealing systems