Why is London most likely the top market for trading foreign exchange?
A)The British pound is the world's top trading currency.
B)Most multinational firms are headquartered in London.
C)London is uniquely positioned geographically in terms of time zones.
D)British traders have always been the most sophisticated in the world.

Question

Quizplus · Accepted Answer

London is located at the crossroads of the global currency markets, and the city's time zone is within a few hours of most other major financial centers in Europe, Asia, and the Americas, making it an ideal location for trading foreign exchange. This means that traders in London can take advantage of market movements in other parts of the world during their working hours, giving them a competitive advantage.

Why Is London Most Likely the Top Market for Trading