Now look (Basil Fawlty from Fawlty Towers???) LOL!!! You and I have never had an altercation so let’s not ‘start’ now!!! LOL!!! The second part: I’ll ‘buy into’. But NEVER say that New York is NOT THE Financial Capital of the World!!! The last time somebody said that: look what happened (Europe???)!!! LOL!!! And what is wrong with Bloomberg TV if I may ask??? LOL!!! The information provided ‘sticks sh*t’ into CNBC (not to mention the presenters)!!! LOL!!!
Regards,
Dale.
New York is 2nd in every single poll, survey, think tank report. End of mate! You can say New York is until your blue in the face, facts are facts!
OWNED!
Well nobody polled ME!!! Anyway: as long as I believe it it’s alright!!! LOL!!!
But just remember this thread when the USD is worth more than the POUND and the EURO!!! LOL!!!
And besides: the LSE doesn’t have ‘Charging Bull’!!!
Regards,
Dale.
LOL keep believing!
You are definitely right about the charging bull though 
I think we should have a gentleman’s bet on the USD never being worth more than the pound. As for the euro, I’m not betting on that though! LOL
You’re on!!! LOL!!!
This made me think of Mythbusters (Adam to Jamie): ‘I REJECT your reality and substitute it with my own’!!! LOL!!!
Regards,
Dale.
LOL Mythbusters is quality, I love that program!!!
As for our bet, when is the deadline then?
Cheers
Andrew
[B]Andrew is correct regarding currency transactions,[/B] as the BIS Survey clearly shows: The U.K. does more than twice as much foreign exchange trading as the next largest player, the U.S.
[B]And Dale is correct regarding equity trading,[/B] as figures from the World Federation of Exchanges show. Here’s how the world’s major stock exchanges ranked in 2006. I compiled this list in 2007, but haven’t kept it up to date. No doubt the numbers have all changed significantly.
But, I doubt that there has been any shuffling of positions among the top 5 exchanges on this list.
The following is a ranking of the world’s biggest share markets
by total value of share trades [B]in 2006,[/B] based on data from the
World Federation of Exchanges industry association.
(figures in [B]trillions[/B] of U.S. dollars)
New York Stock Exchange (NYSE) ----------- $21.79
Nasdaq Stock Market (NASDAQ) ------------- $11.81
London Stock Exchange (LSE) ----------------- $7.57
Tokyo Stock Exchange (TSE) ------------------ $5.82
NYSE Euronext --------------------------------- $3.85
Deutsche Boerse ------------------------------- $2.74
BME Spanish Exchanges (BME) --------------- $1.93
Borsa Italiana ---------------------------------- $1.59
Swiss Exchange (SWX) ------------------------ $1.40
Korea Stock Exchange (KRX) ---------------- $1.34
Nasdaq OMX ---------------------------------- $1.33
Toronto Stock Exchange (TSX) -------------- $1.28
As for commodity trading, the U.S. is hands-down the center of the universe there, but I don’t know how New York stacks up against Chicago in terms of commodity trading volume. I don’t have any numbers — not even old ones —
on commodity contracts, or commodity exchanges.
My guess is that Chicago probably does twice the volume that New York does.
That guess, plus $4, will get you a coffee at Starbucks.
Boy, was I wrong about stock exchanges!
I just took a look at share trading volumes for 2010, and there has been a major re-shuffling of the world’s exchanges, in terms of the annual dollar-value of their electronic order books.
Here’s a screen-shot —
Dollar amounts are shown in millions of USD.
So, the NYSE figure is $17.80 trillion/year, Nasdaq is $12.66 trillion/year, etc.
The big change is that Shanghai and Shenzhen have taken over the #3 and #5 spots, dropping London from #3 to #6. Tokyo has held onto the #4 spot. Other surprising changes took place over the 4 years from 2006 to 2010.
Figures for 2011 should be released by the WFE in the near future.
The screen-shot shows only the first 21 exchanges in the WFE ranking. Refer to the source-document for a complete listing.
Here’s a link to the WFE webpage where you can download the source-document for the screen-shot shown above —
WFE - Total value of share trading — After you download the spreadsheet, you have to scroll to the right to find this particular list.
Apologies to the original poster for getting way off-topic.
THANK YOU Clint.
This information tells me two things:
1 - The Americans are the wiser!!!
2 - I WAS RIGHT (that other ‘stuff’ doesn’t count)!!!
Andrew: here’s a present for you. Behold:
The NASDAQ doesn’t hold the same appeal for me i.e. no people (trading floor) but is also ‘right up there’ nevertheless:
And last but not least by any means:
But in APPEARANCE there is nevertheless some competition I’m afraid to say:
10 Coolest Stock Exchange Buildings | Mademan.com
All in good fun Andrew (our bet still stands yes)??? LOL!!!
Regarding the bet: we’ll have to think about that carefully and ‘reach an accord’!!! LOL!!!
Thanks Clint.
Regards,
Dale.
Edit:
And oh yes: apologies to the thread starter too although I think they got their answers (and me too) thanks to you Clint. And besides: it doesn’t do any harm to ‘broaden your horizons’!!! LOL!!!
[B]The UK still has the biggest banks![/B]
Growing up and living half way between New Jersey (home of the New York Giants) and Foxboro (home of the New England Pats) I naïvely always assumed the US was the biggest and the best in everything. Including banks. LOL
So a few years ago when I came across a list of the biggest banks in the world ranked by assets I was surprised to see the UK was still the leader in the world of banking.
Here is a link to the Top Banks of the world. Top Banks in the World 2011
Yeh well: that’s a bit of a ‘sore point’ with me right now.
Just last night it was reported on Bloomberg TV that Bank of America is considering selling off all of their commercial real estate (office premises???) except for two!!! LOL!!!
That should make Mr. Gecko’s day!!!
Regards,
Dale.
Edit:
Well at least Bank of America still ‘features’ on that list of yours!!! LOL!!! Not sure for how much longer though. Nice to see Citi there STILL!!! LOL!!!
No, no, no, Dale. The coolest stock exchange building is the Milan Stock Exchange, where they make it perfectly clear what they think of their customers —
ROFLMAO!!! LOL!!!
Now THAT is too much!!!
What’s the bet it’s also the reason I usually get ‘shafted’ BADLY whenever I trade the MIB40!!! That explains it all!!! LOL!!!
Regards,
Dale.
Actually Clint (and while we’re all taking advantage of your knowledge and insights):
Does there exist statistics for the success / failure rate of Equities and Commodities Traders (you know: like the ‘generally accepted’ Spot FOREX 95% / 5% statistics)???
THIS information I’ve looked for myself many times (yes: to prove a point but that’s besides the point) but to date I’ve never found anything based on more than pure assumption or speculation (no pun intended).
Regards,
Dale.
In terms of currency trading, the biggest player in the interbank network continues to be Deutsche Bank.
Here are the top 10 currency traders for the past 3 years —
I’m not aware of any such statistics, and wouldn’t know where to go looking for them. Sorry.
As for that 95%/5% so-called forex statistic, I don’t trust it.
I think the 95% failure rate includes too many casual observers, forum visitors, fellow-travelers and trader-wanabes — who call themselves “forex traders” for a time, because they like the way that sounds, and then just wander away because they were never serious about pursuing this activity as a business.
Also, I have never seen the definition of “success” that the “5%” supposedly have achieved, or the definition of “failure” attached to the “95%”.
Is “success” defined as a lifetime record of better-than-break-even live trading?
Is “failure” defined as a lifetime record of break-even, or worse, in live trading?
Now that the CFTC requires U.S. retail forex brokers to periodically post statistics on the number of retail accounts which are profitable, and the number which are unprofitable, some people are referring to an 80%/20% ratio, because that’s approximately the average of the reports filed by the biggest brokers — 80% losers and 20% winners at any given time. I think even that figure needs to be taken with a grain of salt.
Statistics like those are great for debates, and for bar-room betting. Beyond that, who cares?
One thing is certain: A hell of a lot of people got attracted to forex trading because some advertiser, or marketer, or seminar presenter convinced them that the failure/success ratio was [B]exactly reversed.[/B] I’ve sat in on a few such sales presentations, where the uninformed were led to believe that forex trading (using some whiz-bang secret software) was a “can’t-fail” proposition.
I’m sure that everyone who ever got duped in one of those sales presentations is being counted in the 95%/5% so-called statistic. But, how does that give us any useful information regarding the nature of forex trading, and the risks inherent in it? It doesn’t, in my opinion.
Wow. I didn’t think a simple reply to your question was going to turn into this rant. I’ll stop now.
O yeah the bet is still on mate
Good job it doesn’t go just on stock exchange volume then!
London will continue to be the financial, cultural, and fashion capital of the world!
Bring back the Empire!
God save the queen
lol
PMSL That is the funniest thing I have ever read in my life! Amazing! LOL
the most volume of forex trading is in UK and the biggest player in the interbank network is Deutsche Bank but i don’t think European country have the most traders. there are big players there not traders ! you guess which country has more forex trader?
Good morning.
Thanks Clint (once again).
I’ve debated this same issue (well: the ‘bandied about’ 95% / 5% Spot FOREX Loss / Win statistics anyway) on another thread and someone (I THINK it was Jay i.e. eremarket but if not my apologies to whoever made the point) noted that no matter what the statistics say (let’s say even the 80% / 20% you’ve mentioned): nobody knows just how many of the 95% (or 80%) have actually put in the time and effort to learn to trade as opposed to just ‘jumping in’ in the hope of ‘getting rich quick’ or falling for those ‘sparkling’ advertisements or seminars. Anyway: your ‘rant’ as you call is is well warranted!!! LOL!!!
For interest sake: I’m going TRY to find out what the statistics are for Spot FOREX vs. CFDs but a) I’m not sure it’s available and b) it would come from only two brokers and c) I’m not sure if such information would be made available to me even if such detailed information exists (while I like to THINK I OWN my beloved broker, and it’s new offspring, I unfortunately don’t. Well: I don’t OWN ‘the mother ship’ anyway)!!! LOL!!! But then again: the above (first paragraph) would still apply I suppose.
Thanks for all your input.
By the way: NOT to question YOU but I just HAD to check on that Italian Stock Exchange picture. I mean: it’s not REALLY the type of thing that one would expect to see outside of a stock exchange let’s face it. As I’m sure YOU know: it’s a piece of artwork (statue) that was erected by some or the sculptor and placed there (I guess one could say it is the Italian equivalent of ‘Charging Bull’ although that statement in and of itself is sacrilegious to say the least) and apparently has been the subject of MUCH debate and the source of MUCH controversy and from what I gather it’s to be moved at some point (this year I think). I’ll say this though: they only have themselves to blame for their ‘troubles’ and high borrowing costs!!! LOL!!! I think I’ll wait for that statue to be moved before I ‘charge’ the MIB40 again!!! LOL!!!
Thanks again for everything.
Regards,
Dale.
