London foreign exchange market is to establish the first global international foreign exchange market. London foreign exchange market has a long history, trading volume, with advanced modern electronic communications network. London foreign exchange market is one of the world's largest foreign exchange market.
London foreign exchange market - trading
London is divided into the foreign exchange market foreign exchange spot transactions and forward transactions. Indirect quotation exchange offer, a number of currency transactions, up to 80 kinds, often 30 to 40 species. Transaction processing is fast, efficient. London foreign exchange market is very active on the foreign currency arbitrage business, since the European currency market since the London foreign exchange market, foreign exchange trading with the "European currency" has kept in close contact. European Investment Bank is active in the London market in Europe a large number of German mark bonds issued to make London a more prominent international foreign exchange market.
London foreign exchange market - exchange offer
Indirect quotation exchange offer, a number of currency transactions, up to 80 kinds, often 30 to 40 species. Transaction processing is fast, efficient. London foreign exchange market is very active on the foreign currency arbitrage business, since the European currency market since the London foreign exchange market, foreign exchange trading with the "European currency" has kept in close contact. European Investment Bank is active in the London market in Europe a large number of German mark bonds issued to make London a more prominent international foreign exchange market.
London foreign exchange market - structure of organization
London foreign exchange market designated by the Bank of England foreign currency composition of banks and foreign exchange brokers, foreign exchange banks and foreign exchange brokers are composed of industry self-regulatory organization, the London foreign exchange bankers, foreign exchange broker commissions and associations. London as the center of the European money market, a large number of foreign banks have set up branches in London, there are currently more than 200 banks engaged in foreign exchange trading, mostly foreign banks. London foreign exchange market, foreign exchange trading banks and other financial institutions have adopted advanced electronic communications equipment, the center of U.S. dollar transactions in Europe, the British pound, euro, Swiss franc, Japanese yen against the U.S. dollar transactions, also have played an important role .
London foreign exchange market, foreign exchange trading in foreign exchange of about 600 banking institutions, including the national clearing banks, commercial banks, other commercial banks, discount houses and foreign banks. The composition of the London Exchange Bank Association Exchange Bank, responsible for the rules to participate in the foreign exchange market transactions and fees.
In London foreign exchange market, there are about 250 designated operators. As a foreign exchange broker, foreign currency deposits with brokers who together constitute the foreign exchange brokers and foreign currency deposits Brokers Association.
London foreign exchange market - market positionLondon International Financial Services Authority has released the latest report on foreign exchange transactions, as of April 2007, the UK share of global foreign exchange market in April 2004 by the 31% to 34%, an increase mainly from institutional agents, investment Banks and hedge fund business, the three businesses to maintain the rapid growth of the global financial center of London is very important. The same period in other financial centers in the global foreign exchange market share has decreased to varying degrees, the U.S. dropped 16.6% from the 19.2%, Japan by 8.3% to 6%, Germany from 4.9% to 2.5%.
UK foreign exchange transactions mainly in the City of London, London is now the world's largest foreign exchange center, trading in the UK is the total dollar transactions in the United States total $ 2 times the total amount of euro transactions in the UK than in all euro area countries trade euro more than double the total. In April 2007, foreign financial institutions in the London foreign exchange market share of 70%. London International Financial Services Authority statistics show that in April 2004 to April 2007, three years, the global daily foreign exchange trading volume rose 70 percent to a record 3.2 trillion dollars, if combined with non-traditional foreign exchange derivatives Products $ 363 billion daily trading volume, the average daily global foreign exchange trading volume has nearly $ 3.6 trillion.
London foreign exchange market - History
After World War II, the pound as an international means of payment in international trade and reserves position was replaced by U.S. dollars, and Britain from the 1940s introduced a strict foreign exchange controls, but the London foreign exchange transactions in the banking sector experience and complete body, it remains a center of global foreign exchange market.
Now, by the British central bank - the Bank of England designated "designated foreign exchange banks" about 300, in addition, there are more than a dozen foreign exchange brokerage firm dedicated to act as intermediaries in foreign exchange transactions. Bank of England the whole time watching the market trends, and the use of "foreign exchange balance account" at any time for market intervention to stabilize exchange rates, to maintain market order.
