OANDA Europe Markets Limited is a company registered in Malta number C 95813 and has its business address at 11, SOHO Offices, Savoy Gardens, Triq Rue d'Argens, Gzira, Malta. It is authorised and regulated by the Malta Financial Services Authority as Class 2 Investment Firm to provide services to the residents in the European Union. Click on ‘OANDA Trade accounts’ and select the account from which you wish to withdraw. Click ‘withdraw’ and select bank transfers as the withdrawal method, and then select the bank account to which you would like to withdraw funds. Enter the amount and select 'continue'. You may be charged a fee for withdrawing funds. The cost or credit also takes into account the impact of our admin fee and reflects the interest differential between the currencies involved in this trade. The credit or debit depends on the applicable funding rate as described below: Financing cost or credit = position value x applicable funding rate x1/365. Online Forex Trading | Fx Trading Platforms | OANDA Online Forex Broker & Crypto Trading | OANDA. A broker you can trust. Over the past 25 years, we have built up a stellar reputation for our: Award-winning platforms*. Innovative trading education. Transparent pricing. Create account Demo account. Voted Most Popular Broker three years in a row (TradingView Awards 2022, 2021, 2020). Named Best in ...Margin. You can trade with leverage from your OANDA account. This means that you can enter into trades larger than your account balance and trade without depositing the full value of the trade you wish to open. One of the benefits of trading with leverage is that you could potentially generate large profits relative to the amount invested. OANDA Europe Markets Limited is a company registered in Malta number C 95813, and has its business office at Office 11, SOHO Offices, J Block, Savoy Gardens, Triq d’Argens, Gzira GZR 1362, Malta. It is authorised and regulated by the Malta Financial Services Authority as Category 3 Investment Services Licence Holder to provide services to the ... OANDA Europe Markets Limited is a company registered in Malta number C 95813, and has its registered office at Office 11, SOHO Offices, J Block, Savoy Gardens, Triq d’Argens, Gzira GZR 1362, Malta. It is authorised and regulated by the Malta Financial Services Authority as Category 3 Investment Services Licence Holder to provide services to ... oanda(安達)提供外匯的差價合約cfd中文交易平台。 以槓桿（保證金）交易模式可以投資歐元美元，英鎊美元，美元日圓等全球貨幣。 OANDA為全世界的投資者提供公正，透明，可靠的交易環境。OANDA Global Markets Ltd es una empresa registrada con el número 2026433 en BVI y tiene su domicilio social en Kingston Chambers, Apartado postal 173, Road Town, Tortola, Islas Vírgenes Británicas. Autorizado y regulado por la Comisión de Servicios Financieros de las Islas Vírgenes Británicas, número: SIBA/L/20/1130. Advanced charts, powered by TradingView. Use TradingView’s world-class advanced charting solution on our OANDA Trade platform. Trade with leading indicators and drawing tools. Access trade through charts and 65+ technical indicators. Analyze market trends using drawing tools such as Pitchforks, Gann Fans, Elliott Waves and more. Inactivity fees. You will be charged a monthly fee of 10 units of the currency in which your account is denominated when there are no open trades in your account for a period of at least 12 months. For example, if your account is in USD, you will be charged 10 USD. Your account will be charged until you either close your account, resume trading ...Margin. You can trade with leverage from your OANDA account. This means that you can enter into trades larger than your account balance and trade without depositing the full value of the trade you wish to open. One of the benefits of trading with leverage is that you could potentially generate large profits relative to the amount invested.OANDA Connect app. Available through the MT4 premium upgrade, you’ll find quality web content inside your trading platform. Get direct access to content from Dow Jones, market news sentiment and two calendars to stay up to date. Analyze your trading with the OANDA dashboard. Access OANDA forex blog content. Download the OANDA orderbook MT4 ...With more than 20 years’ trading experience, Ed Moya is a Senior Market Analyst with OANDA, producing up-to-the-minute intermarket analysis, coverage of geopolitical events, central bank policies and market reaction to corporate news. His particular expertise lies across a wide range of asset classes including FX, commodities, fixed income ...Our system is fully automated. It was built that way, from the ground up. Commission charges are assessed on the buy and sell sides of a trade. Trade sizes greater or smaller than 100,000 will be charged on a pro-rata basis. The minimum commission of is $0.01 per trade. Commission charges will be converted to the account home currency using our ...Technical Analysis is easy to install. Just log in to your OANDA Trade account and click on the ‘technical analysis’ button, located on the left-hand panel of the trading platform. Once installed, you’ll have access* to intraday market scanning, volatility analysis, performance statistics, customizable daily market reports and more ... OANDA Corporation is not party to any transactions in digital assets and does not custody digital assets on your behalf. All digital asset transactions occur on the Paxos Trust Company exchange. Any positions in digital assets are custodied solely with Paxos and held in an account in your name outside of OANDA Corporation. Trading hours. All FX products. New York. 100,000. Sun-Fri: 17:03 – 16:58*. *FX trading will be closed from 16:58 until to 17:03 (New York time) daily. Note: There is an additional 5-minute break for NZD pairs starting at 06:58 Auckland time (12:58 New York time).OANDA Europe Markets Limited is a company registered in Malta number C 95813 and has its business address at 11, SOHO Offices, Savoy Gardens, Triq Rue d'Argens, Gzira, Malta. It is authorised and regulated by the Malta Financial Services Authority as Class 2 Investment Firm to provide services to the residents in the European Union. Award-winning browser-based platform*. Powerful platform combines intuitive interface, a suite of technical analysis tools and a sophisticated charting package. Open live account Demo account. *Best Trading Tools winner (Online Personal Wealth Awards 2021).How to open an account. Start trading with OANDA in 3 easy steps: complete our application form, fund and trade. You don’t need to submit documentation for identity verification when you open a trading account and deposit up to US$9,000*. Create account Demo account.Trading hours. All FX products. New York. 100,000. Sun-Fri: 17:03 – 16:58*. *FX trading will be closed from 16:58 until to 17:03 (New York time) daily. Note: There is an additional 5-minute break for NZD pairs starting at 06:58 Auckland time (12:58 New York time). MetaTrader 4. Our custom-built bridge combines OANDA’s pricing and execution with MT4’s charting and analysis. An MT4 premium upgrade gives you access to a range of enhancements including additional indicators and expert advisors (EAs) such as mini charts, OCO orders, tick-chart and keyboard trading, chart-ladder order entry, five-minute ... Trading crypto with the OANDA app. There are many benefits of using our app to trade cryptocurrencies: User-friendly app with charting and access to two-way streaming prices. Easy, low-cost account funding and withdrawal. Fund your crypto account in the same easy and low-cost way as your forex account. Manage risk using limit and stop orders. In addition to all major forex pairs, OANDA’s trading platform also provides our clients with the ability to trade in cross currency pairs. The main difference between these and our major pairs is that cross pairs do not involve the US dollar. While major pairs are more popular for traders, cross pairs can also offer attractive risk/reward ...Multiple trading platforms, 1 world-class broker*. Trade smarter with our award-winning OANDA web platform and apps for mobiles and tablets^. Or use TradingView and MetaTrader 4 from your OANDA account. The intelligent way to trade. Open live account Demo account. * Voted most popular broker (TradingView Awards) three years in a row (2022, 2021 ...Open a Forex Account - OANDA ... Loading... ...The OANDA fxTrade platform supports margin trading, which means you can enter into positions larger than your account balance. One advantage of margin-based trading is that you can leverage the funds in your account and potentially generate larger profits relative to the amount invested.OANDA Help Portal Please select your country or region. North America. Canada United States Europe. Austria ...Sep 5, 2023 · A OANDA utiliza cookies para que os nossos sítios da Internet sejam fáceis de utilizar e personalizáveis para os nossos visitantes. Os cookies não podem ser utilizados para identificá-lo pessoalmente. Ao visitar o nosso sítio da Internet, autoriza que a OANDA utilize cookies de acordo com a nossa Política de Privacidade. What is FX CFD trading? Forex trading is the buying or selling of one country’s currency in exchange for another. Forex is one of the most liquid markets in the world, with a trading volume of US$6 trillion per day. The US dollar is the most widely traded currency in the world. Forex CFDs are traded on margin, meaning you can gain a ...At OANDA, we offer CFDs on most major global indices, including China A50, Germany 30, Australia 200 and Singapore 30. When the price of stocks listed on an index rise, the price of the index goes up. When the price of stocks listed on an index go down, the value of the index falls along with it. It’s not possible to directly buy or sell an ...Discover how you can take advantage of OANDA's FX data services, including our exchange rates API, money transfer and historical currency converter.The cost or credit also takes into account the impact of our admin fee and reflects the interest differential between the currencies involved in this trade. The credit or debit depends on the applicable funding rate as described below: Financing cost or credit = position value x applicable funding rate x1/365.Trade forex and cryptos on the go with our native apps. Designed for Android, iPhone and tablet devices. Access our full range of currency pairs and popular cryptos (offered through Paxos) Take advantage of advanced mobile charting functionality for smarter trading. Compatibility requirements: iOS14 and higher or Android Jelly Bean and up. We offer tight spreads on all the major and minor currency pairs, five days a week, 24 hours a week. Majors are the most traded forex pairs in the world. Choose between our powerful OANDA Trade platform, MT4 and TradingView. See all forex.4 ways to trade. One award-winning trading platform*. Choose between our fully customizable OANDA Trade web-based platform or apps for mobiles and tablets. You can also speculate on the forex markets using TradingView and MT4. Voted Most Popular Broker three years in a row (TradingView Awards 2022, 2021, 2020). Multiple trading platforms, 1 world-class broker*. Trade smarter with our award-winning OANDA web platform and apps for mobiles and tablets^. Or use TradingView and MetaTrader 4 from your OANDA account. The intelligent way to trade. Open live account Demo account. * Voted most popular broker (TradingView Awards) three years in a row (2022, 2021 ...MetaTrader 4. Our custom-built bridge combines OANDA’s pricing and execution with MT4’s charting and analysis. An MT4 premium upgrade gives you access to a range of enhancements including additional indicators and expert advisors (EAs) such as mini charts, OCO orders, tick-chart and keyboard trading, chart-ladder order entry, five-minute ...Forex trading. Globally recognised broker with over 25 years' experience in FX trading services. Daily trading news from our team of award-winning currency analysts. Accurate and reliable exchange rate data and services from a trusted provider. Trusted by major corporations, tax authorities and auditing firms globally.Singapore. add. OANDA Asia Pacific Pte Ltd. 1 Raffles Place. #26-02, One Raffles Place Tower 1. Singapore 048616. Tel: 65 6579 8280. If you would like to visit our office, please make an appointment by sending us an email [email protected]. Advanced charts, powered by TradingView. Use TradingView’s world-class advanced charting solution on our OANDA Trade platform. Trade with leading indicators and drawing tools. Access trade through charts and 65+ technical indicators. Analyze market trends using drawing tools such as Pitchforks, Gann Fans, Elliott Waves and more.OANDA Rate® data Other data sources 50 Central Bank exchange rates Get access to one of the largest sets of Central Bank exchange rates including ECB, Bank of Canada, Banco de Mexico, and more. Types of exchange rates data Average rates Bid, ask, mid-point. Daily, weekly, quarterly and annual custom periods Market and Central Bank ratesTrading hours. All FX products. New York. 100,000. Sun-Fri: 17:03 – 16:58*. *FX trading will be closed from 16:58 until to 17:03 (New York time) daily. Note: There is an additional 5-minute break for NZD pairs starting at 06:58 Auckland time (12:58 New York time).4 ways to trade. One award-winning trading platform*. Choose between our fully customizable OANDA Trade web-based platform or apps for mobiles and tablets. You can also speculate on the forex markets using TradingView and MT4. Voted Most Popular Broker three years in a row (TradingView Awards 2022, 2021, 2020).In addition to all major forex pairs, OANDA’s trading platform also provides our clients with the ability to trade in cross currency pairs. The main difference between these and our major pairs is that cross pairs do not involve the US dollar. While major pairs are more popular for traders, cross pairs can also offer attractive risk/reward ...Sep 4, 2023 · OANDA Europe Markets Limited is a company registered in Malta number C 95813, and has its registered office at Office 11, SOHO Offices, J Block, Savoy Gardens, Triq d’Argens, Gzira GZR 1362, Malta. It is authorised and regulated by the Malta Financial Services Authority as Category 3 Investment Services Licence Holder to provide services to ... Costs. 2.3. OANDA generates revenue via the spread that it then offers to the client, as is the norm in the brokerage industry. Its spread structure is quite simple and consists of two pricing ...Advanced charts, powered by TradingView. Use TradingView’s world-class advanced charting solution on our OANDA Trade platform. Trade with leading indicators and drawing tools. Access trade through charts and 65+ technical indicators. Analyze market trends using drawing tools such as Pitchforks, Gann Fans, Elliott Waves and more.Online Forex Trading | Fx Trading Platforms | OANDAoanda corporation is a member of nfa and is subject to nfa's regulatory oversight and examinations. HOWEVER, YOU SHOULD BE AWARE THAT NFA DOES NOT HAVE REGULATORY OVERSIGHT AUTHORITY OVER UNDERLYING OR SPOT VIRTUAL CURRENCY PRODUCTS OR TRANSACTIONS OR VIRTUAL CURRENCY EXCHANGES, CUSTODIANS OR MARKETS. Forex trading. Globally recognised broker with over 25 years' experience in FX trading services. Daily trading news from our team of award-winning currency analysts. Accurate and reliable exchange rate data and services from a trusted provider. Trusted by major corporations, tax authorities and auditing firms globally. Accurate and reliable FX services and exchange rate data from a provider you can trust. Historical currency converter. Access data dating back to 1990 for over 38,000 FX pairs, with charting capabilities and each exporting options. Exchange rates API. Our Exchange Rates API delivers data on 200+ currencies, commodities and precious metals.OANDA Europe Markets Limited is a company registered in Malta number C 95813 and has its business address at 11, SOHO Offices, Savoy Gardens, Triq Rue d'Argens, Gzira, Malta. It is authorised and regulated by the Malta Financial Services Authority as Class 2 Investment Firm to provide services to the residents in the European Union. With depth of market, the smaller the size of your trade, the tighter the spread we can offer you. Access depth of market pricing using the OANDA MT4 premium upgrade with the mini terminal. Spreads for typical trade sizes start from just 0.6 pips on EUR/USD. Trade large sizes in one transaction.Online Forex Trading | Fx Trading Platforms | OANDA A OANDA utiliza cookies para que os nossos sítios da Internet sejam fáceis de utilizar e personalizáveis para os nossos visitantes. Os cookies não podem ser utilizados para identificá-lo pessoalmente. Ao visitar o nosso sítio da Internet, autoriza que a OANDA utilize cookies de acordo com a nossa Política de Privacidade.OANDA Europe Markets Limited is a company registered in Malta number C 95813, and has its registered office at Office 11, SOHO Offices, J Block, Savoy Gardens, Triq d’Argens, Gzira GZR 1362, Malta. It is authorised and regulated by the Malta Financial Services Authority as Category 3 Investment Services Licence Holder to provide services to ...There are at least two reasons why you should track the major forex market trading hours: The first hour after a major market opens is considered very important and often indicates how the session might develop. In periods when market 'trading hours' overlap, liquidity tends to increase because more traders are participating in the FX market.A OANDA é líder em corretagem forex online. Colocamos à disposição dos corretores online uma poderosa tecnologia de negociação, fxTrade™ e taxas de câmbio OANDA para mais de 180 moedas. A OANDA utiliza cookies para que os nossos sítios da Internet sejam fáceis de utilizar e personalizáveis para os nossos visitantes. Click on ‘OANDA Trade accounts’ and select the account from which you wish to withdraw. Click ‘withdraw’ and select bank transfers as the withdrawal method, and then select the bank account to which you would like to withdraw funds. Enter the amount and select 'continue'. You may be charged a fee for withdrawing funds.Advanced charts, powered by TradingView. Use TradingView’s world-class advanced charting solution on our OANDA Trade platform. Trade with leading indicators and drawing tools. Access trade through charts and 65+ technical indicators. Analyze market trends using drawing tools such as Pitchforks, Gann Fans, Elliott Waves and more.OANDA Corporation is a registered Futures Commission Merchant and Retail Foreign Exchange Dealer with the Commodity Futures Trading Commission and is a member of the National Futures Association. No: 0325821. Please refer to the NFA's Forex Investor Alert where appropriate. OANDA (Canada) Corporation ULC accounts are available to anyone with a ... Identify CFD & Forex trading opportunities on a fast and intuitive web platform. Open market, limit, and stop orders to take advantage of OANDA’s highly competitive spreads and policy of no re-quotes. Open a Forex Account - OANDA ... Loading... ...OANDA also charges a monthly inactivity fee of 10 units of your base currency per month after you go 12 months without a trade. For example, if you incur a fee and your base currency is the USD ...Singapore. add. OANDA Asia Pacific Pte Ltd. 1 Raffles Place. #26-02, One Raffles Place Tower 1. Singapore 048616. Tel: 65 6579 8280. If you would like to visit our office, please make an appointment by sending us an email [email protected]. There are at least two reasons why you should track the major forex market trading hours: The first hour after a major market opens is considered very important and often indicates how the session might develop. In periods when market 'trading hours' overlap, liquidity tends to increase because more traders are participating in the FX market.Commission + core spread pricing. Access a reduced spread relative to our spread-only pricing account. You only pay a fixed commission per trade. The total cost for each trade will be the sum of the applicable core spread plus commission. Our core pricing spreads start from 0.0, with $50 commissions per 1M. OANDA Global Markets Ltd is a company registered in BVI number 2026433, and has its registered office at Kingston Chambers, PO Box 173, Road Town, Tortola, British Virgin Islands. It is authorised and regulated by the BVI Financial Services Commission, number: SIBA/L/20/1130. Open a Forex Account - OANDA ... Loading... ...A OANDA utiliza cookies para que os nossos sítios da Internet sejam fáceis de utilizar e personalizáveis para os nossos visitantes. Os cookies não podem ser utilizados para identificá-lo pessoalmente. Ao visitar o nosso sítio da Internet, autoriza que a OANDA utilize cookies de acordo com a nossa Política de Privacidade.Click on ‘OANDA Trade accounts’ and select the account from which you wish to withdraw. Click ‘withdraw’ and select bank transfers as the withdrawal method, and then select the bank account to which you would like to withdraw funds. Enter the amount and select 'continue'. You may be charged a fee for withdrawing funds. To use OANDA’s free currency converter, type into the relevant field currency names, 3-letter ISO currency symbols, or country names to select your currency. You can convert world currencies, precious metals, or obsolete currencies. You can also access currency exchange rates dating back to January 1990. Get instant quotes and free charting on the OANDA app, with tight spreads and low commissions. Apply, fund, trade. Join other smart traders who trust us, an award-winning* global forex broker with over 25 years' experience. Discover OANDA, the smarter forex trading app.Free currency converter uses OANDA Rates®—the same daily filtered exchange rates used by auditing firms and banks. Convert 190+ currencies and four precious metals. Choose the Interbank rate, or use the percentage add-on feature to calculate typical rates charged by credit card companies and banks.OANDA Rates®は、38,000のFX通貨ペアをカバーし、Excel対応のCSV形式のファイルに簡単にダウンロードできます。 このツールは、会計監査人、公認会計士、税務専門家など、スポットチェックや分析、レポートのために 正確で信頼できる為替レートデータ を必要 ... 指數. 透過OANDA可以建倉交易全球主要的指數。. 包括美國三大股指（標普500、納斯達克100、道瓊斯指數）、德國DAX 40、富時A50等。. 其中，納斯達克點差3.0起，道瓊斯2.5起，英國富時100的點差1.0起。. 查看所有指數 查看所有保證金比率.Online Forex Trading & Forex Broker | OANDA
Identify CFD & Forex trading opportunities on a fast and intuitive web platform. Open market, limit, and stop orders to take advantage of OANDA’s highly competitive spreads and policy of no re-quotes.. I 70 road conditions colorado today
Click on ‘OANDA Trade accounts’ and select the account from which you wish to withdraw. Click ‘withdraw’ and select bank transfers as the withdrawal method, and then select the bank account to which you would like to withdraw funds. Enter the amount and select 'continue'. You may be charged a fee for withdrawing funds. This charge is based on the prevailing mid-price of the applicable FX spot rate for the conversion, plus an additional spread of 0.5%. For example, placing a EUR/JPY trade in a USD-based account. Your trade settles in JPY and is then immediately converted to USD at the JPY/USD mid-price +/-0.5%. If this trade resulted in JPY10,000 of profit ... Our system is fully automated. It was built that way, from the ground up. Commission charges are assessed on the buy and sell sides of a trade. Trade sizes greater or smaller than 100,000 will be charged on a pro-rata basis. The minimum commission of is $0.01 per trade. Commission charges will be converted to the account home currency using our ...OANDA Europe Markets Limited is a company registered in Malta number C 95813 and has its business address at 11, SOHO Offices, Savoy Gardens, Triq Rue d'Argens, Gzira, Malta. It is authorised and regulated by the Malta Financial Services Authority as Class 2 Investment Firm to provide services to the residents in the European Union.Чтобы воспользоваться бесплатным конвертером валют OANDA, введите в соответствующие поля названия валют, 3-буквенные коды по стандарту ISO или названия стран, чтобы выбрать валюту ...Award-winning browser-based platform*. Powerful platform combines intuitive interface, a suite of technical analysis tools and a sophisticated charting package. Open live account Demo account. *Best Trading Tools winner (Online Personal Wealth Awards 2021).Click on ‘OANDA Trade accounts’ and select the account from which you wish to withdraw. Click ‘withdraw’ and select bank transfers as the withdrawal method, and then select the bank account to which you would like to withdraw funds. Enter the amount and select 'continue'. You may be charged a fee for withdrawing funds.Award-winning platforms*. Innovative trading education. Transparent pricing. Create account Demo account. Voted Most Popular Broker three years in a row (TradingView Awards 2022, 2021, 2020). Named Best in Class for Research and Ease of Use (ForexBrokers.com 2023 Annual Awards). With more than 20 years’ trading experience, Ed Moya is a Senior Market Analyst with OANDA, producing up-to-the-minute intermarket analysis, coverage of geopolitical events, central bank policies and market reaction to corporate news. His particular expertise lies across a wide range of asset classes including FX, commodities, fixed income ...At OANDA, we offer CFDs on most major global indices, including China A50, Germany 30, Australia 200 and Singapore 30. When the price of stocks listed on an index rise, the price of the index goes up. When the price of stocks listed on an index go down, the value of the index falls along with it. It’s not possible to directly buy or sell an ...Aug 22, 2023 · Get instant quotes and free charting on the OANDA app, with tight spreads and low commissions. Apply, fund, trade. Join other smart traders who trust us, an award-winning* global forex broker with over 25 years' experience. Discover OANDA, the smarter forex trading app. Free currency converter uses OANDA Rates®—the same daily filtered exchange rates used by auditing firms and banks. Convert 190+ currencies and four precious metals. Choose the Interbank rate, or use the percentage add-on feature to calculate typical rates charged by credit card companies and banks.Trading crypto with the OANDA app. There are many benefits of using our app to trade cryptocurrencies: User-friendly app with charting and access to two-way streaming prices. Easy, low-cost account funding and withdrawal. Fund your crypto account in the same easy and low-cost way as your forex account. Manage risk using limit and stop orders.Trusted by major corporations, tax authorities and auditing firms globally. Historical currency converter. Access over 30 years' data for more than 38,000 FX pairs, with charting capabilities and easy exporting options. Exchange rates API. Our FX data is accurate and reliable, giving your auditors and finance department additional peace of mind.Free currency converter uses OANDA Rates®—the same daily filtered exchange rates used by auditing firms and banks. Convert 190+ currencies and four precious metals. Choose the Interbank rate, or use the percentage add-on feature to calculate typical rates charged by credit card companies and banks.OANDA Rates®는 38,000개의 FX 통화 조합을 다루며 Excel로 사용 가능한 CSV 형식의 파일로 간편하게 다운로드할 수 있습니다. 이 도구는 감사관, CPA, 세무사나 특정 시점 확인, 분석 , 보고를 위해 정확하고 권위있는 외환 데이터를 필요로 하는 모든 분들에게 이상적입니다.OANDA Connect app. Available through the MT4 premium upgrade, you’ll find quality web content inside your trading platform. Get direct access to content from Dow Jones, market news sentiment and two calendars to stay up to date. Analyze your trading with the OANDA dashboard. Access OANDA forex blog content. Download the OANDA orderbook MT4 ... According to the Office of the United States Trade Representative, goods and services exchanged between the US and South Africa in 2018 totalled almost $19 billion. Machinery, vehicles, precious metal and stone and iron and steel were some of the more popular goods traded by the two countries, so anyone monitoring the USD to ZAR rate may wish ...Mar 23, 2023 · Costs. 2.3. OANDA generates revenue via the spread that it then offers to the client, as is the norm in the brokerage industry. Its spread structure is quite simple and consists of two pricing ... .
