who runs forex market?

<p id="isPasted">It is impossible for a market to be fair if it is actively managed. Markets are based on fairness. As a result, the best resources are allocated to the most efficient uses.</p><p>When a country manages its currency instead of letting it free float on the market, it will have less credibility than countries whose currencies are free float on the market.&nbsp;</p><p>Certain currency pairs may have market makers. This is due to the low liquidity of those currency pairs. Without market makers, there would be market manipulation because large order makers may move the prices to make quick profits.</p><p>Ultimately, the purpose of FX markets is for international trade and for one country’s businesses to accept or make payments in another currency. And having a fair way to do so in the interest of continued cooperation and free-flowing trade. For liquid currency pairs, the markets manage themselves through forces of demand and supply due to a large number of participants. For illiquid markets, market makers do this.</p>

<p>The foreign exchange market, also known as the forex market, is a decentralized market where currencies are traded. It is not run by any single entity, but rather by a global network of banks, corporations, and individuals who buy and sell currencies. The market operates 24 hours a day, five days a week, and is affected by a variety of factors such as economic data releases, political events, and central bank policy.</p>

<p id="isPasted">A market that is actively managed will not be fair. Fairness is the basic premise of markets. This ensures that the best resources get allocated to the most efficient use.</p><p>Any country trying to manage its currency instead of free-floating on the market will have less credibility than countries whose currencies are free float on the market.</p><p>You may have market makers for certain currency pairs. But that is down to the low liquidity of those currency pairs. If there were no market makers, it would lead to market manipulation, as large order makers may move the prices to make a quick profit.</p><p>Ultimately, the purpose of FX markets is for international trade and one country’s businesses to accept or make payments in another currency. And having a fair way to do so in the interest of continued cooperation and free-flowing trade. For Liquid currency pairs, the markets manage themselves through forces of demand and supply due to a large number of participants. For illiquid markets, market makers do this.</p>

<p>The forex market is decentralized, with no single entity controlling it. It's a global network of banks, brokers, institutions, and individual traders that buy and sell currencies 24/7.</p>