The following 3 terms are used in Agiblocks in conjunction with Forex operations:
• | Forex requirement: This is the request of a trader for a certain amount of currency to buy or sell. |
• | Forex contract: This is the agreement with the bank to convert the requested amount of currency on a given date in the future. |
• | Forex allocation: This describes the matching of the Forex requirement from a trader with a Forex contract from a bank. |
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