Thursday, February 12, 2009

Forex Timings

Trading Hours

  • 24 hour market
  • Sunday 5pm EST through Friday 4pm EST. Rollover at 5pm EST
  • Trading begins in New Zealand, followed by Austraila , Asia, the Middle East, Europe, and America

Size

  • Largest market in the world
  • $1.9 trillion average daily turnover , equivalent to:
  • More than 10 times the average daily turnover of global equilty markets
  • 40 times the average daily turnover of the NYSE 2
  • $300 a day for every man , woman, and child on earth
  • An annual turnover more than 10 times world GDP 3
  • The Spot market accounts for about one-third of daily turnover
  1. About $1.76 billion - World Federation of Exchanges aggregate 2004
  2. About $46 billion - NYSE 2004
  3. About $36 trillion - World Bank 2003



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