What is ‘Dealing Desk’
In foreign currency markets, the location of a financial institution’s forex dealers. Since the forex market is open around-the-clock, many institutions have dealing desks around the world. Dealing desks can also be found outside the foreign exchange markets, such as in banks and finance companies, to execute trades in securities.
Explaining ‘Dealing Desk’
The term “desk” may be a bit of a misnomer, given its connotation of a table shared by a couple of traders. Large financial institutions often have dealing facilities that are staffed by hundreds of dealers. In a large institution, major currencies, such as the euro and yen, may have several dealing desks staffed by dozens of traders who specialize in these currencies.
Further Reading
- Global microstructures: The virtual societies of financial markets – www.journals.uchicago.edu [PDF]
- The psychology of financial decision-making: Applications to trading, dealing, and investment analysis – www.tandfonline.com [PDF]
- Global financial news – books.google.com [PDF]
- Take an issue: cultural economy and finance – www.tandfonline.com [PDF]
- Transnational elites in the city: British highly-skilled inter-company transferees in New York city's financial district – www.tandfonline.com [PDF]
