Trillion is accounted for in the world's main financial markets

The foreign exchange market is unique because of its huge trading volume, leading to high liquidity geographical dispersion continuous operation: 24 hours a day except weekends, i.e. trading from 20:15 GMT on Sunday until 22:00 GMT Friday the variety of factors that affect exchange rates the low margins of relative profit compared with other markets of fixed incomethe use of leverage to enhance profit margins with respect to account size As such, it has been referred to as the market closest to the ideal of perfect competition, notwithstanding market manipulation by central banks. According to the Bank for International Settlements,average daily turnover in global foreign exchange markets is estimated at $3.98 trillion, as of April 2007. $3.21 Trillion is accounted for in the world's main financial markets.

posted by ramarao