Interbank market

From Wikipedia, the free encyclopedia

An interbank market is a market in which banks can trade. The term refers to the short term money or foreign exchange markets which are only accessible to banks or financial institutions. There is no physical market place, the transactions take place over communication networks such as Bloomberg or Reuters.

Transactions are generally termed to be of "marketable size" over five million US dollars.

Also, see here: http://www.investopedia.com/articles/forex/06/interbank.asp