Forex Market Hours
The foreign exchange market is active 24 hours a day, beginning midday Sunday through the end of the trading day in New York on Friday. How does this work exactly?
The FX market is decentralized and operates in financial centers across the globe. The FX trading day typically starts in New Zealand and Australia and follows the sun through Tokyo, Hong Kong, Frankfurt, London and ending in New York. In the interbank market, banks pass their book of open trading positions sequentially to trading desks active within each time zone. Electronic trading platforms operate for 23 or 24 hours a day from a fixed data center or across data centers in the major FX hubs Tokyo, London and New York.
As discussed above, the market stops trading late Friday afternoons, however, in cases of extreme political or economic events, trading can carry on into the weekend. Similarly the market can begin trading at any time during the weekend.
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