английский => русский Маркетинг Финансы (в целом)

Unlike the equity markets, the FX market is divided into different levels of access.
The different levels are made up of mainly the interbank market, corporate market and Retail market.
The *currency pairing spread* is different at each level and largely dependent on the volume traded.
This gives Financial Institutions and Fund Houses with huge transaction volume an unfair advantage over other market participants.