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    IQD on the Foreign Exchange markets

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    sandyf
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    IQD on the Foreign Exchange markets

    Post  sandyf on Thu 07 Mar 2013, 04:52

    Despite what many may say the IQD is listed on the Foreign Exchange markets.

    The applicable symbols are

    USDIQD.RADA
    USDIQD.EUAM
    EURIQD.DRES

    Name of the exchange is FOREX code number 4054

    The Listed Market is TENFORE

    Carry out a symbol check at the following website.

    http://www.iqfeed.net/symbolguide/index.cfm?symbolguide=lookup&displayaction=support§ion=guide&web=iqfeed&alpha=1&start=1

    Additional codes.

    SYMBOL............ DESCRIPTION..............EXCHANGE.... SECURITY TYPE... LISTED MARKET

    EURIQD.COMP ..COMP EUR IQD Spot ... FOREX ..........FOREX................... TENFORE
    GBPIQD.COMP.. COMP GBP IQD Spot .. FOREX ..........FOREX ....................TENFORE
    IQDGBP.COMP.. COMP IQD GBP Spot .. FOREX ..........FOREX ....................TENFORE
    IQDUSD.COMP.. COMP IQD USD Spot.. FOREX.......... FOREX ....................TENFORE
    USDIQD.COMP.. COMP USD IQD Spot .. FOREX.......... FOREX ....................TENFORE
    EURIQD.DRES... DRES EUR IQD Spot ... FOREX......... FOREX ....................TENFORE
    GBPIQD.EUAM ...EUAM GBP IQD Spot .. FOREX......... FOREX .....................TENFORE
    IQDGBP.EUAM... EUAM IQD GBP Spot .. FOREX .........FOREX .....................TENFORE
    IQDUSD.EUAM... EUAM IQD USD Spot ... FOREX .........FOREX .....................TENFORE
    USDIQD.EUAM ...EUAM USD IQD Spot... FOREX......... FOREX .....................TENFORE
    USDIQD.RADA ...RADA USD IQD Spot... FOREX......... FOREX .....................TENFORE

    Look at the description of the symbol, they all end in 'spot'. They are symbols in use on the Interbank 'Spot Market'.




    Last edited by sandyf on Wed 08 May 2013, 23:30; edited 1 time in total

    sandyf
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    Re: IQD on the Foreign Exchange markets

    Post  sandyf on Wed 08 May 2013, 23:23

    This was part of the response on another site

    "IQD is NOT traded. It is NOT on the spot market. The post made above is obviously from someone who is extremely inexperienced in forex trading and does not have a good understanding of the spot market nor the ability for INDIVIDUALS to gain access to interbank platforms."

    This is an extract from the IMF Annual Report for 2011 on Page 1205

    Spot exchange market Yes.
    "The CBI deals only with commercial banks. There are more than 300
    exchange bureaus that buy and sell foreign currency Banknotes.
    Government import transactions are handled by commercial hanks.
    Operations of foreign exchange bureaus are limited to the purchase
    and sale of Banknotes, and only money transfer companies can
    maintain accounts abroad."

    Unfortunately in the 2012 report the country data came on a CD and is not available online.

    sandyf
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    Re: IQD on the Foreign Exchange markets

    Post  sandyf on Wed 08 May 2013, 23:24

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    Seck
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    Seck

    Post  Seck on Wed 08 May 2013, 23:37

    Thank you Sandyf

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    Re: IQD on the Foreign Exchange markets

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      Current date/time is Fri 28 Jul 2017, 10:57