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The foreign exchange market is said to be unique due to its trading value, the liquidity of the market, the large number and variety of traders in the market, how they are wide spread geographically, and because of its long trading hours (Answers.com).
The major markets within the foreign exchange are London, New York, Tokyo, and Singapore. London is the largest, second is New York and Tokyo & Singapore are next with Hong Kong right along with the other Asian countries (Ball, D., McCulloch, W. Jr., Frantz, P. Geringer, & Minor, M., 2006). London became the largest market for several reasons. First, it is a great location...
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