Wednesday, April 22, 2009

Trading Hours


•24 hour market
•Sunday 5pm EST through Friday 4pm EST.
•Trading begins in the Asia-Pacific region followed by the Middle East, Europe, and America

Size

•One of the largest financial markets in the world
•$3.2 trillion average daily turnover, equivalent to:

◦More than 10 times the average daily turnover of global equity markets1
◦More than 35 times the average daily turnover of the NYSE2
◦Nearly $500 a day for every man, woman, and child on earth3
◦An annual turnover more than 10 times world GDP4


•The spot market accounts for just under one-third of daily turnover
1. About $280 billion - World Federation of Exchanges aggregate 2006
2. About $87 billion - World Federation of Exchanges 2006
3. Based on world population of 6.6 billion - US Census Bureau
4. About $48 trillion - World Bank 2006.

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