Major Markets
*The US & UK markets account for just over 50% of turnover
*Major markets: London, New York, Tokyo
*Trading activity is heaviest when major markets overlap5
*Nearly two-thirds of NY activity occurs in the morning hours while European markets are open6
5. The Foreign Exchange Market in the United States - NY Federal Reserve
*Major markets: London, New York, Tokyo
*Trading activity is heaviest when major markets overlap5
*Nearly two-thirds of NY activity occurs in the morning hours while European markets are open6
5. The Foreign Exchange Market in the United States - NY Federal Reserve
6. The Foreign Exchange Market in the United States - NY Federal Reserve
Average Daily Turnover by Geographic Location
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