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Voice Indirect Trading

In voice indirect trading, the buyer and seller do not speak to each other directly. A voice broker stands between them and helps arrange the trade.

Two banks may tell the broker the prices at which they are willing to buy or sell a currency. The broker shares the available prices and brings the two sides together when their terms match.

The broker usually does not become the buyer or seller. Their role is to connect the parties and confirm the deal. This method has long been used in large financial markets where access, privacy, and relationships between dealers still matter.

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