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Even though the mighty US dominates many markets, most of Spot Forex is still traded through London in Great Britain. So for our next description we shall use London time. Most deals in Forex are done as Spot deals. Spot deals are nearly always due for settlement two business days later. This is referred to as the value date or delivery date. On that date the counter parties theoretically take delivery of the currency they have sold or bought. In Spot FX the majority of the time the end of the business day is 21:59 (London time). Any positions still open at this time are automatically rolled over to the next business day, which again finishes at 21:59. This is necessary to avoid the actual delivery of the currency. As Spot FX is predominantly speculative, most of the time the traders never wish to actually take delivery of the currency. They will instruct the brokerage to always rollover their position. Many of the brokers nowadays do this automatically... details >>>

Even though the mighty US dominates many markets, most of Spot Forex is still traded through London in Great Britain. So for our next description we shall use London time. Most deals in Forex are done as Spot deals. Spot deals are nearly always due for settlement two business days later. This is referred to as the value date or delivery date. On that date the counter parties theoretically take delivery of the currency they have sold or bought. In Spot FX the majority of the time the end of the business day is 21:59 (London time). Any positions still open at this time are automatically rolled over to the next business day, which again finishes at 21:59. This is necessary to avoid the actual delivery of the currency. As Spot FX is predominantly speculative, most of the time the traders never wish to actually take delivery of the currency. They will instruct the brokerage to always rollover their position. Many of the brokers nowadays do this automatically... details >>>

Top501 BizWorld: WRAPUP 1-NYSE, Nasdaq short interest down on SEC ban posted at Articles.Top501.nu. More or Videos Securities and Exchange Commission ban on the short selling of financial stocks, which affected the trading of about 950 stocks. 17, ... details >>>

Top501 BizWorld: Overstock CEO Patrick Byrne Sends Open Letter to President Bush posted at Articles.Top501.nu. More or Videos Securities and Exchange Commission ban on the short selling of financial stocks, which affected the trading of about 950 s... details >>>

Top501 World: Mark To Market Definition posted at Articles.Top501.nu - More! Videos!     Definition of Mark to Market - MTM in the Financial Dictionary - by Free online English dictionary and encyclopedia. In accounting and financ... details >>>