Hey All
Wondering if somebody who has worked as a dealer for a bank or large institutional would be able to help me out on a couple of points.
A bit of background; I am lucky enough to be working on a fx sales desk (mainly servicing small retail clients, trades are rarely much bigger then 0.5mio) for a large bank for the next month or so. Whilst I have a background in FX, its not from a dealing background (my experience is in operations in addition to my personal FX trading).
Anyhow I am hearing one phrase that I am having trouble following: left hand side trade and right hand side trades. I am picking that they refer to the bid/ask, so left hand side would be refering to the bid and the right hand side would be the offer. So does that mean that a left hand side trade would be the bank buying, and right hand side be the bank selling?
Any help would be greatly appreciated. Also if anybody can point me in a direction that has break down calculations of forward points, illustrates the relationship between the forward points and term of the trade and how been a buyer or seller effects the forward points.
Any help would be greatly appreciated.
Wondering if somebody who has worked as a dealer for a bank or large institutional would be able to help me out on a couple of points.
A bit of background; I am lucky enough to be working on a fx sales desk (mainly servicing small retail clients, trades are rarely much bigger then 0.5mio) for a large bank for the next month or so. Whilst I have a background in FX, its not from a dealing background (my experience is in operations in addition to my personal FX trading).
Anyhow I am hearing one phrase that I am having trouble following: left hand side trade and right hand side trades. I am picking that they refer to the bid/ask, so left hand side would be refering to the bid and the right hand side would be the offer. So does that mean that a left hand side trade would be the bank buying, and right hand side be the bank selling?
Any help would be greatly appreciated. Also if anybody can point me in a direction that has break down calculations of forward points, illustrates the relationship between the forward points and term of the trade and how been a buyer or seller effects the forward points.
Any help would be greatly appreciated.