Method and system for currency exchange

A method for currency exchange for an entity, comprising:

• providing, by an account management module, an account for the entity, the account comprising a plurality of sub-accounts for a different currency;
• broadcasting a currency exchange rate between a first currency and a second currency;
• receiving, at a transaction management module in communication with the account management module, a request for a requested amount of the first currency in exchange for a second currency at the broadcasted currency exchange rate;
• determining, by the transaction management module, an equivalent amount of the second currency that is equivalent to the requested amount of the first currency converted based on the broadcasted currency exchange rate;
• and
• debiting, by the account management module, the determined equivalent amount of the second currency from a sub-account for the second currency, and crediting, by the account management module, the requested amount of the first currency into a sub-account for the first currency.

A system for currency exchange between a first entity and a second entity, comprising:

• an account management module;
• and
• a transaction management module in communication with the account management module,
• wherein the transaction management module is configured to:
• broadcast a currency exchange rate between a first currency and a second currency;
• receive a request from the second entity for a requested amount of the first currency in exchange for the second currency at the broadcasted currency exchange rate;
• and
• determine an equivalent amount of the second currency that is equivalent to the requested amount of the first currency converted based on the broadcasted currency exchange rate,
• and wherein the account management module is configured to:
• provide an account each for the first and second entities, each account comprising a sub-account for the first currency and a sub-account for the second currency;
• debit the determined equivalent amount of the second currency from a sub-account for the second currency that is affiliated with the second entity, and credit the debited amount of the second currency into a sub-account for the second currency that is affiliated with the first entity;
• and
• debit the requested amount of the first currency from a sub-account for the first currency that is affiliated with the first entity, and credit the debited amount of the first currency into a sub-account for the first currency that is affiliated with the second entity.

A system for currency exchange for an entity, comprising:

• an account management module;
• and
• a transaction management module in communication with the account management module,
• wherein the transaction management module is configured to:
• broadcast a currency exchange rate between a first currency and a second currency;
• receive a request for a requested amount of the first currency in exchange for a second currency at the broadcasted currency exchange rate;
• determine an equivalent amount of the second currency that is equivalent to the requested amount of the first currency converted based on the broadcasted currency exchange rate;
• and wherein the account management module is configured to:
• provide an account for the entity, the account comprising a sub-account for the first currency and a sub-account for the second currency;
• and
• debit the determined equivalent amount of the second currency from the sub-account for the second currency, and credit the requested amount of the first currency into the sub-account for the first currency.