Foreign exchange banks: generally including banking institutions designated or authorized by the central bank to exclusively or concurrently engage in foreign exchange business. There are also many kinds of foreign exchange banks, the highest of which may be the top market-making banks or some small domestic banks, such as Minsheng Bank. Although they are all foreign exchange banks, they are also very different. Market-making banks have pricing power, and ordinary foreign exchange banks may not have the right to speak.
Central Bank: The role of the central bank in the foreign exchange market is not only as a supervisor of the traditional market, but also to intervene in the market by buying and selling foreign exchange and stabilize interest rates and exchange rates.
Foreign exchange broker: Strictly speaking, the role of foreign exchange broker is to act as an intermediary and only buy and sell foreign exchange on behalf of customers, but now foreign exchange brokers will start their own businesses and become customers' opponents and market participants.
Customers: The customers of the foreign exchange market here are direct customers of the foreign exchange market, and may be customers of foreign exchange banks, such as travelers and hedge funds. The former is a small foreign exchange bank, while the latter's large hedge funds will trade through market-making banks. In addition, customers are mainly divided into: transactional foreign exchange traders, such as importers and exporters, international investors, travelers and so on. Hedging foreign exchange traders; Speculative foreign exchange dealer. In our foreign exchange margin market, there are mainly speculative foreign exchange buyers and sellers who make profits by speculating on the price difference.