Major Markets

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
6. The Foreign Exchange Market in the United States - NY Federal Reserve


Average Daily Turnover by Geographic Location