London. London is recognized as the location of the world financial center. The foreign exchange market is the most liquid and largest financial market in the world, with an average daily trading volume of about $5 trillion. The largest foreign exchange trading center is London, but new york, Tokyo, Hongkong and Singapore are all important foreign exchange trading centers.

London accounts for more than 40% of global foreign exchange transactions. Unlike stocks, stocks are regional and currency transactions are conducted all day. After the Asian trading session ends, the European trading session begins, followed by the North American trading session and then the Asian trading session, except public/bank holidays and weekends. Most transactions take place in six major centers, namely London, new york, Tokyo, Singapore, Australia and Canada.