The foreign exchange East forex cashback cashback forex a decentralized market, there is no central exchange to record every transaction cashbackforexbtc which the most important player in generating foreign exchange bid-ask spreads is the large Eastforexcashback they trade on behalf of themselves or their customers to each other, therefore, the market between them to trade is also known as the inter-bank market The competition between banks is quite fierce, which ensures a reasonable spread forexcashbackcalculator a fair offer Inter-bank market The interbank market is not open to individual investors, the main players in this market are large hedge funds and multinational corporations with capital of over a million dollars, etc. However, it is still important for individual investors to understand how the interbank foreign exchange market works, which helps you better understand retail spreads and determine whether the quotes you get from brokers are reasonable. How the interbank market works, and how it affects individual forex brokers Back in time, decades ago, before the advent of electronic trading technology, forex brokers were still active in the interbank market Unlike stock brokers, brokers do not hold their own positions Their function is to connect buyers and sellers, optimize prices, and execute orders quickly and accurately Since the 1970s Since the 1970s, Forex brokerage houses have been executing trades through the OpenBox system, a dedicated trading telephone, and brokers are constantly transmitting trade information through a loudspeaker in front of them, directly connected to the banks. However, traders do not have access to information about the number of bids and offers, nor do they know which banks are executing these trades. When a brokerage firm has multiple bids and/or offers, the final price is automatically optimized. In other words, the brokerage firm usually quotes the highest bid and the lowest ask, and in doing so, the FX market achieves optimal spreads. There, too, market liquidity is increased. After technology took over the interbank market, the need for telephone brokerage was greatly reduced over the last decade or so, and brokerage houses either closed or chose to merge to stay afloat. Most of the forex trading volume on the trading platform comes from the top 10 banks in the world These large banks are well known by name, such as DeutscheBank, UBS, Citigroup, etc. Each bank has a different internal structure, but most have a forex trading department that determines the quotes provided to the banks clients. The forex trading department usually has a sales platform and a trading platform. The sales platform handles customer orders; the trading platform is responsible for quoting currency pairs and bank traders determine prices based on multiple factors, including current market rates, volume, etc. The two main platforms commonly used by interbank traders are ReutersDealing and EBS, a division of ICAP. The interbank market operates a credit system, that is, the larger the bank, the better the credit relationship between the two banks, then the better the quotes obtained Similarly, the higher the capital of the retail foreign exchange broker, the better the quotes it can get from the interbank market in the European Monetary Journal (Euromoney) on the daily foreign exchange trading volume of $5 trillion global foreign exchange market participants conducted annual survey In Euromoneys annual survey of participants in the global foreign exchange trading market with a daily volume of $5 trillion, Citi still ranked first in the global foreign exchange market with a 12.9 percent share, but lower than the 16.1 percent share in last years survey due to tighter regulations, a tough trading environment, coupled with increased automation, the overall market share of the top five banks also fell to a record low of 44.7 percent U.S. bankers have captured the share of their European counterparts in the foreign exchange market, with five of the top 10 banks from the United States. Five from the United States, while last years list, European bankers occupied six seats in the 2016 global top 10 banks forex trading market share: 1. Citi (Citigroup)  12.9% 2. JP Morgan Chase (JPMorgan Chase & Co) 8.8% 3. UBS (UBS) 8.8%4. Deutsche Bank (Deutsche Bank) 7.9%5. Bank of America Merrill Lynch (Bank of America Merrill Lynch) 6.4%6. Barclays ( Barclays) 5.7%7.Goldman Sachs (Goldman Sachs) 4.7%8.HSBC (HSBC) 4.6%9.XTX Markets 3.9%10.Morgan Stanley (Morgan Stanley)  3.2%ConclusionIndividual customers rely on online brokers for quotes, and foreign exchange brokers to gain the trust of banks to trade in the interbank marketThe more capital banks have, the more they can mutually establish a trustworthy partnership to get better quotes for themselves and their customersThe more volatile the market is, the more banks should give their partners consistently competitive quotesA brokerage with insufficient capital strength Therefore, individual investors need to do more research and carefully choose a good forex broker so that they can make a profit in their future trading.