Central bank to unite forex trading systems ~ what is forex api trading
The central bank is planning on combining the nations traditional foreign exchange trading system with a new system initiated last year by the end of 2006, the China Securities Journal said Saturday.
An integrated system would be the lastest in a series of reforms to increase market efficiency and monitoring, the newspaper said.
The new system was launched a year ago and allows domestic trading in eight foreign currency pairs. It is a step toward a market-based environment by allowing domestic banks to trade foreign currencies, but is separate from yuan trading.
Read more here.
More info for Central bank to unite forex trading systems ~ what is forex api trading:
