Whois & Analysis for dukascopy.com

FOREX Bank is a Swedish financial services company specialising in currency exchange services.

The company was started in 1927 providing services for travellers, at the Central Station in Stockholm.

The owner of Gyllenspet's Barber Shop, according to the legend, discovered that most of his customers were tourists in need of currency for their trips.

The owner began keeping the major currencies on hand.

An electronic communication network (ECN) is a type of computerized forum or network that facilitates the trading of financial products outside traditional stock exchanges.

An ECN is generally an electronic system that widely disseminates orders entered by market makers to third parties and permits the orders to be executed against in whole or in part.

The primary products that are traded on ECNs are stocks and currencies.

ECNs are generally passive computer-driven networks that internally match limit orders and charge a very small per share transaction fee (often a fraction of a cent per share).

The first ECN, Instinet, was created in 1969.

ECNs increase competition among trading firms by lowering transaction costs, giving clients full access to their order books, and offering order matching outside of traditional exchange hours.

ECNs are sometimes also referred to as alternative trading systems or alternative trading networks.

The pound sterling (symbol: £; ISO code: GBP [Great Britain Pound]), commonly known as the pound, is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha.

It is subdivided into 100 pence (singular: penny, abbreviated: p).

A number of nations that do not use sterling also have currencies called the pound.

At various times, the pound sterling was commodity money or bank notes backed by silver or gold, but it is currently fiat money, backed only by the economy in the areas where it is accepted.

The pound sterling is the world's oldest currency still in use and which has been in continuous use since its inception.

The foreign exchange market (forex, FX, or currency market) is a global decentralized market for the trading of currencies.

This includes all aspects of buying, selling and exchanging currencies at current or determined prices.

In terms of volume of trading, it is by far the largest market in the world, followed by the Credit market.

The main participants in this market are the larger international banks.

Financial centres around the world function as anchors of trading between a wide range of multiple types of buyers and sellers around the clock, with the exception of weekends.

The foreign exchange market does not determine the relative values of different currencies, but sets the current market price of the value of one currency as demanded against another.

The United States dollar (sign: $; code: USD; also abbreviated US$ and referred to as the dollar, U.S. dollar, or American dollar) is the official currency of the United States and its insular territories per the United States Constitution.

It is divided into 100 smaller cent (¢) units.

The circulating paper money consists of Federal Reserve Notes that are denominated in United States dollars.