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Foreign Exchange Market: Is the conversion of one currency into another. With millions of currency transactions conducted throughout the world each day, finding a match between buyer and seller would be an extremely difficult task were it not for the Foreign Exchange Market, or F.X. as it is often called. These markets developed as an efficient means by which buyers and sellers, holding different currencies, could find and transact with each other. Although banks have historically handled this service, often working with professional F.X. brokers or dealers.

London Bullion Market: Is a wholesale over-the-counter market for the trading of gold andsilver. Trading is conducted amongst membersof the London Bullion Market Association (L.B.M.A.), loosely overseen by the Bank of England. Most of the members are majorinternational banks or bullion dealers andrefiners. London is by far the largest global center for O.T.C. transactions.
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