PRODUCTS AND TRANSACTIONS
GTS provides services for 24 hours a day and five weekdays a week. The foreign exchange market is the largest and most flexible market in the world, with a daily trading volume of 5 trillion dollars. The foreign exchange trade is the trading of two currency pairs, such as euro to dollar (EUR/USD). As one currency appreciates, the other currency depreciates.
With the outbreak of global financial crisis, the global economy keeps fluctuating and evolving. As the threats from inflation are constantly intensified, the precious metal with risk-avoidance values represents an exponential growth trend. Compared with traditional securities, futures, real estate investment and banking deposits, precious metal is highly convertible and value-preserving. It can resist the fluctuations in currency values and price increases brought by inflation. Investment in precious metal has been taken as the best choice for investing in the future.
The spot market for crude oil is the market for spot trading of crude oil. Before the 1970s, the market was only taken as a means for major oil companies to adjust and exchange oil products. The trading volume of spot oil in the spot market only accounts for less than 5% of the total oil traded in the world. The spot price only represents the sales price of oil exceeding long-term contracts. Hence the oil spot market in the phase is called the residual market.