FAI, a body of forex market professionals who intermediate between the supply and demand for foreign currency and act as ‘price givers’ to the rest of the economy has been active in promoting transparency, professionalism and ethical conduct in the forex market since 1979.
I commend them for the role they have played and hope that they will continue to do so in future with utmost efficiency and fairness. 2. The forex market is unique in several ways. A foreign currency is essentially a commodity outside its jurisdiction and therefore has attributes of an asset.