Foreign Exchange Dealing Room Essay Example | Topics and Well Written Essays - 10000 words

Foreign Exchange Dealing Room - Essay Example According to the world- wide central banking organization which is the Bank for International Settlements, the amount of daily trading done in the forex market is more than three trillion US Dollars. Thus the trading amount is so much that it is much larger than all of the US stock markets taken together. Here, trading from the whole world is done with or without the involvement of hard cash. The trading begins in Sydney everyday, and moves first to Tokyo followed by London and then New York as the business day start in every financial sector. The exchange rates are shown around the world continuously on the computer. The trading takes place when any trader quotes a price for any currency on his machine, and then anyone in the word willing to trade at that particular price can reply to that message and trade. Thus the buyer and sellers can be from any country and virtually trade with other without being present at any particular. The trading takes place between three continents which makes it possible to react or change any decision by any trader regarding his trading activity any event or activity. The value of a particular currency relative to other currencies is influenced by many factors but the main factor affecting it is pure supply and demand of the market. If the demand rises or supply falls, it results in price rise or price fall respectively. 1. DEALING ROOM-ORGANIZATIONAL STRUCTURE: Its organization consists of two tiers namely the retail tier and the wholesale tier. In the retail tier, trading in forex is done by the small agents whereas in the wholesale tier, the dealings between dispersed and diverse banks and big financial institutions , multinational corporations take place. In the forex market, the traders and the individuals have different access levels unlike the stock market, where every client can access the same price of stocks like the other participants or individuals. Whereas in the forex market, on the top level, there is the biggest investment banking firms like Citi and Deutsche Bank. At this level, where the difference between

Business Law Assignment-Immigrants as employees Essay

Business Law Assignment-Immigrants as employees - Essay Example As a result, there have been calls for on employers to take action and responsibility in properly vetting their non-citizen workers. However, this has proved to be a challenge with these immigrants using loopholes to gain permits and other important valid documents. This expose elucidates the role of the employer in the issue of illegal immigrant employees and the problem of selective enforcement of immigration laws. In addition, the expose further looks at the rights of those employees who have worked in the country for long as illegal immigrants. Finally, the expose examines there is a justification in the immigrants’ quest for a better life and failure to follow and enforce the law when helping citizens of other nations. There is no doubt that employers should play a role in the enforcement of the immigration laws. However, the issue whether the employer should be the focal point while enforcing immigration laws is in itself debate since it illustrates failure in the systems concerning implementation of the immigrations laws. Case in point, while conducting the raid at Swift & Co., some of the illegal immigrants who worked in the company had valid documents with them. These valid documents included legal social security numbers of United States residents used by the immigrants to acquire work permits and gain employment at Swift albeit illegally (Herridge). Hence, once the employer, Swift Co. in this case, identifies valid permits issued due to valid social security number there is no need of victimizing them since there are loopholes that the illegal immigrant used. The basic pilot program is a crucial tool to ensure that the employers play their role in identifying illegal immigrants while employing them. Essentially, the program enables employers verify electronically whether non-citizens employed, or seeking employment, in the company are eligible for employment. This tool effectively becomes a crucial and