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Where is the world's largest national foreign exchange market

Mainly in London, New York, Paris, Tokyo, Switzerland, Singapore, Hong Kong and so on.

The world's foreign exchange market is composed of the foreign exchange market in various international financial centers, which is a huge system. At present, the world's foreign exchange market is about more than 30, of which the most important are London, New York, Paris, Tokyo, Switzerland, Singapore, Hong Kong, etc., they have their own characteristics and are located in different countries and regions, and interconnected, forming a global unified foreign exchange market.

The global foreign exchange market is mainly composed of the following trading market, London foreign exchange market, New York foreign exchange market, Paris foreign exchange market, Tokyo foreign exchange market, Switzerland foreign exchange market, the composition of the five major trading markets.

1, London foreign exchange market

London foreign exchange market is a typical invisible market, there is no fixed trading place, just through the telephone, telex, telegraph to complete foreign exchange transactions.

London foreign exchange market, foreign exchange banking institutions involved in foreign exchange transactions of about 600, including the country's clearing bank, merchant banks, other commercial banks, discount companies and foreign banks. These foreign exchange banks form the London Foreign Exchange Bankers' Association, which is responsible for setting the rules and charges for participation in foreign exchange market transactions.

2, New York foreign exchange market

New York foreign exchange market is one of the important international foreign exchange market, its daily trading volume is second only to London. New York foreign exchange market is also an invisible market. Foreign exchange transactions through modern communication networks and electronic computers, its currency settlement can be through the New York area interbank clearing system and the Federal Reserve Bank payment system.

New York foreign exchange market is a completely free foreign exchange market, the exchange rate offer both direct markup method (refers to the British pound) and indirect markup method (refers to the European currencies and other national currencies), to facilitate transactions in the world in the U.S. dollar. The transaction currency is mainly the continental Europe, North America Canada, Central and South America, the Far East Japan and other national currencies.

3, Paris foreign exchange market

Paris foreign exchange market by the tangible market and intangible market consists of two parts. The tangible market mainly refers to the foreign exchange transactions in the Paris exchange, its trading methods and the securities market, the same as the purchase and sale, the daily publication of the official foreign exchange rate, the foreign exchange rate against the franc using the direct markup method. But a large number of foreign exchange transactions are carried out outside the exchange. Foreign exchange transactions outside the exchange, or the two sides of the transaction by telephone to buy and sell directly, or through brokers.

4, Tokyo foreign exchange market

Tokyo foreign exchange market is an invisible market, traders through modern communication facilities networking transactions. Tokyo foreign exchange market participants have five categories: First, foreign exchange specialized banks, that is, the Bank of Tokyo; Second, the foreign exchange designated banks, refers to banks that can operate foreign exchange business, *** more than 340, of which 243 Japanese domestic banks, 99 foreign banks; Third, foreign exchange brokers 8; Fourth, the Bank of Japan; Fifth, the non-banking customers, mainly corporate, import and export enterprises and trading companies, life and property insurance company , investment trust companies, trust banks, and so on.

5, the Swiss foreign exchange market

Swiss Zurich foreign exchange market is a historical tradition of foreign exchange market, in the international foreign exchange transactions in an important position. This is partly due to the Swiss franc is a freely convertible currency; on the other hand is due to the Second World War Switzerland is a neutral country, the foreign exchange market has not been affected by the war, has always insisted on opening to the outside world. Its trading volume originally ranked fourth in the world, but in recent years by the Singapore foreign exchange market over.