Why the City of London is the Biggest Hub for Currency Trading
The City of London, also known as the Square Mile, is still one of the leading financial capitals of the world today. While Wall Street is much bigger in terms of stock trading, few people know that the City is still the biggest hub for currency trading on the globe.
In fact, London accounts for 38% of volume in global foreign exchange, much ahead of Wall Street, which is responsible for 19% of global trading.
We look in detail at why the Square Mile has held this leading position throughout h