A currency trader makes a market in a currency and attempts to generate speculative profits from dealing against other currency traders. Today electronic dealing systems are frequently used by currency traders. The most widely used spot trading system is EBS Spot. Go to their website, www.ebsp.com/products/spot/asp. Click on the sample view of the monitor screen to enlarge it. What is meant by the terms “ESB Best Price” and “Credit Screened Dealable Prices” that you see on the screen?
In addition to the historic currency symbols, such as, $, ¥, £, and €, there is an official three-letter symbol for each currency that is recognized worldwide. These symbols can be found at xe.com the Full Universal Currency Converter website:www.xe.com/ucc/full.shtml. Go to this site. What is the currency symbol for the Costa Ricon colan? The Guyana dollar?
