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on 20 August 2010
This is a good book to get an understanding of how fx dealers work. Though the maths were over my head, it was easy enough to read the non-equation parts and understand what was said. One caveat - although research is still being done in this area, it appears the adverse selection spread model is incorrect for this market. (See Osler's paper "Price Discovery in Currency Markets".)
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on 6 November 2013
Very structured and full of data. This helps one understand some of the powers that drive the market. Not for beginners.
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