The participants in the London foreign exchange market are mainly banks and branches of foreign banks, foreign exchange brokers, other non-bank financial institutions engaged in foreign exchange business and the Bank of England. Trading hours are from 9:00 to 17:00 (UK time). The trading currencies in the London foreign exchange market include almost all convertible currencies, the largest of which is the pound against the US dollar, followed by the pound against the German mark (euro), Swiss franc, French franc and Japanese yen. During the period from 65438 to1April 1998, the daily average trading volume of the London foreign exchange market was 2170 billion US dollars, and the forward trading volume was 420 billion US dollars.

Participants in new york's foreign exchange market are mainly American commercial banks in new york, branches of foreign banks in new york and some professional foreign exchange brokers. New york's foreign exchange market is not only the center of domestic foreign exchange transactions in the United States, but also an important international foreign exchange market. Trading time is 9:00- 16:00 (new york time). New york's foreign exchange market is the second largest trading market for all currencies except the US dollar. The trading proportions of these currencies are Deutsche Mark (Euro), British pound, Swiss franc, Canadian dollar, Japanese yen and French franc in turn.

Participants in Tokyo foreign exchange market are mainly foreign exchange banks, foreign exchange brokers, non-bank customers and Japanese banks.