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Transaction
operated by EMONA on FOREX Market
The FOREX ( = FOReign EXchange ) market
has meant and means, for the financial management of EMONA, a major
opportunity of speculative investment, not only for the high liquid
assets typical of this market, but even because the wide turnover in the
Forex Market makes sure that no trader, in spite of his importance or
size, is qualified to manipulate the prices easily: as a matter of fact,
it is the Market as a whole which moves the prices.
Furthermore, unlike the stock market
where it is possibile for some brokers to get confidential information
about a bond and therefore stand in competitive position compared with
the others, on the FOREX Market the insider trading is impossible,
because information concerning a country and its economic performances
are available without distinction for everyone and are revealed all
around at the same time.
Of corse, the important results got by
EMONA are due to the firm and onerous commitment by the Management and
its staff, because FOREX is open twenty-four hours a day, non stop from
Sunday evening (Monday morning in Australia) until Friday night (closing
time of American Markets).
In this Market O.T.C. (Over The Counter),
which does not reside in a physical definite place, the dealings occur
in a bilateral way, between two counterparts that fix autonomous terms
for every exchange contract, and furthermore the prices of the
correncies can move if somebody else is operating on the Market. |