There are mainly London market, New York Foreign Exchange market, Tokyo Foreign Exchange market, Hong Kong foreign exchange market, Zurich Foreign exchange market, Frankfurt Foreign exchange market, Singapore foreign exchange market, Paris foreign exchange market.
1. London Foreign Exchange Market The London Foreign Exchange Market consists of operating banks and London branches of foreign banks, other non-bank financial institutions dealing in foreign exchange business and the Bank of England.
The London foreign exchange market has about 300 designated foreign exchange banks licensed by the Bank of England, including the overseas branches of the major clearing banks.
2. The New York Foreign Exchange Market The New York Foreign Exchange Market is not only the center of foreign exchange business in the United States, but also one of the most important markets in the world. In terms of daily trading volume, the New York Foreign Exchange market ranks the second in the world and is also the clearing center for global transactions.
3. Tokyo Foreign Exchange Market The Tokyo foreign Exchange market is developed along with the development of Japan’s foreign economy and trade, which is connected with the process of Japan’s financial liberalization and internationalization.
Hong Kong Foreign Exchange Market Hong Kong is a free port and the fifth largest center in the world.
In Hong Kong’s foreign exchange market, the US dollar is the medium of all transactions.
And other foreign currencies can not be directly exchanged, must be through the US dollar arbitrage, first into US dollars, and then into the need from the US dollar.
5. Zurich Foreign Exchange Market There are no foreign exchange brokers in the Zurich Foreign Exchange Market, and all foreign exchange transactions are conducted directly between banks, with participating foreign exchange banks.
Credit Suisse, UBS, etc., as well as branches of foreign banks in Switzerland, the Bank for International Settlements, and the Swiss Central Bank, the Swiss National Bank.
6. Frankfurt Foreign Exchange Market Frankfurt is home to the German Central Bank (Bundesbank).
The Frankfurt foreign exchange market is divided into a pricing market and a general market.
7. Singapore Foreign Exchange Market The Singapore foreign exchange market has developed along with the development of the US dollar market.
It is the fourth-largest foreign exchange market in the world, second only to Tokyo in terms of average daily trading volume.
8. Paris Foreign Exchange Market The Paris Foreign Exchange Market consists of about 15 major commercial banks and a large number of foreign exchange brokers.
The Bank of France is also an important participant in the foreign exchange market. Its purpose is to supervise the foreign exchange market and intervene in the market when necessary to maintain the stability of the franc.
