- In order to further increase the reliability and value of the PIX-index system, FOEX Indexes Ltd has an appointed Expert Panel. The main tasks of the panel are:
- To provide their view on the price formation, should there be, for some reason, a period when
- sufficient price data from the market was not available (never happened so far)
- To give their opinion on the validity of the index values, should there be an official legal
- complaint against PIX-system or individual values (never happened so far)
- To assist the FOEX personnel, case need, in the development of new indices
- To communicate to FOEX the opinions from the market on the validity and use of the indices
The foreign exchange market assists international trade and investment, by enabling currency conversion. For example, it permits a business in the United States to import goods from the European Union member states especially Eurozone members and pay Euros, even though its income is in United States dollars. It also supports direct speculation in the value of currencies, and the carry trade, speculation on the change in interest rates in two currencies
Thursday, February 23, 2012
FOEX Expert Panel
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