To begin with, it’s important for traders to understand that the OTC Market normally refers to any trading that takes place outside of a traditional exchange. A third-party facilitator like a broker facilitates OTC trades between two market players.The most prevalent and largest OTC market is the foreign exchange market. OTC transactions, which are not conducted through a controlled exchange, are the most common form of forex trading.
Brokers, banks, dealers, retail traders and hedge funds are only some of the participants in the foreign exchange market.In South Africa, the goal of this new law is to control the over-the-counter derivatives markets. End-of-day transaction reports, which are required by law, are now the responsibility of the broker as well.
Khwezi Financial Services is authorized and regulated to provide trading in currencies, indices, and commodities.