Requirements to be met by institutions as primary dealers in the FX market

The institution is to:

  • be subject to supervision by the Swedish Financial Supervisory Authority or an equivalent supervisor in another EEA country,

  • be an authorised professional commercial dealer in the foreign exchange market,

  • be active and observe best practice in trading in Swedish kronor and foreign currencies,

  • in the interbank market quote on request binding two-way SEK/EUR spot market prices and forward SEK/USD prices,

  • via Reuters or an equivalent information system display prices for these currencies during normal market hours,

  • undertake currency trading of a certain scale and duration, and

  • report turnover statistics, currency positions and other information as instructed by the Riksbank.

LAST UPDATED 4/16/2004