Timesforex sa was established in geneva in march 2004 and collaborates with one of the most influent market makers in foreign exchange forex . timesforex is a swiss based financial institution that provides a 24 - hour online trading service to investors , preferably with a foreign exchange trading experience . timesforex provides small to mid - size institutions , as well as private investors , with a professional access to the forex market 该公司联合世界上最著名的外汇交易市场经营公司和银行共同为各类投资者，尤其是具有一定外汇交易经验的投资者，打造一个可以24小时无限制地进行网上外汇交易的平台，从而为大中小各种类型的机构，包括私人投资人员专业的进入外汇交易市场提供最为方便快捷和安全的交易系统平台。
In the last years , the foreign exchange market has expanded from one where banks would execute transactions between themselves to one in which many other kinds of financial institutions like brokers and market - makers participate including non - financial corporations , investment firms , pension funds and hedge funds 在过去数年里，外汇交易市场已经从原来银行之间进行交易的情形发展到各种类型的金融机构，如中间商包括非金融公司投资公司养老基金和投资性基金等市场交易者参与的一个大市场。
This thesis finishes the following main work : first , as an important history anlyzing method , the writer deletes and analyses the history of foreign exchange management system reform from the view point of economy . second , the writer analyses practically the tfem . based on the general economic situation in tianjin city , the thesis analyses the international payment , foreign trade , foreign investment , and foreign exchange market between banks 其次，对天津市外汇市场进行了实证分析，在交待了全市整体涉外经济背景基础上，循着国际收支、外贸进出口、引进外资、银行结售汇、银行间外汇交易市场这一外汇储备形成线路展开了分析，并系统研究了天津市外汇市场构成成分和交易品种。
