Foreign exchange market
by Mike Gofshtein
1. transactions
1.1. swap
1.2. spot
1.3. forward
2. participants
2.1. arbitrages
2.2. speculators
2.3. Central banks and treasures
2.4. Firms and individuals
2.5. Bank and non-bank foreign exchange dealers
3. FX rates and quotations
3.1. interbank quotations
3.2. direct and indirect quotes
3.2.1. forward quotations on a point basis
3.2.2. forward quotation in a percentage basis