Is 24/7 trading coming to traditional currencies?
The foreign exchange (FX) market currently operates “24 hours a day, five days a week,“, from 5 p.m. ET Sunday to 5 p.m. ET Friday. Local centers (Tokyo, London, New York) form overlapping trading sessions where most liquidity is concentrated. Global FX turnover has reached a record. $7.5 trillion per day in April 2022, highlighting…