Reuters is an example of electronic brokerage system used to trade foreign exchange. With the use of a website, consumers can utilize e-brokerage to buy and sell stocks online and get information. Nearly all online brokerage firms allow consumers to create their own personal financial manager and have a straightforward sign-up process.
A wholesale electronic trading platform called Electronic Broking Services (EBS) is utilized to transact on the foreign currency market (FX) with market-making banks. Large banks formed it first as a partnership, and it later joined CME Group is electronic trading exchange connects buyers and sellers in a virtual marketplace.
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