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The highest level in the currency trading market includes the major commercial banks and securities dealers, and they are commonly known as the interbank market. There are two competitors serving these markets namely EBS (Electronic Brokering Services) and the Reuters Dealing 3000. In 2006, EBs was acquired by ICAS a London-based company listed in the LSE (London Stock Exchange).

The interbank foreign currency market is the major wholesaler of currencies derived from many sources like commercial traders and individual online currency traders. These banks include the biggest ones in the world like Deutsche Bank and the Swiss UBS. Commercial traders need foreign exchange transactions for their import-export trade and the need to use different currencies for supplies of raw materials and to support their international delivery systems. Small online currency traders also contribute to the swelling of the market but the currencies are primarily channeled to the larger interbank market.

As of this day, the top market is generally unregulated and free trade remains the rule. This allows ordinary players to enter the game and make money. The central banks on the other hand try to regulate the trade by increasing and decreasing interest rates, or issuing new monetary policies. However, this only results to indirect regulation and not direct regulation. The electronic brokering systems of the interbank have increased their total share of the currency market turnover from 10% to almost above the 50% mark. This is good news for small online currency trading because the trend only means that more and more players are joining the market.

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