participants: Central Banks, commercial and investment banks, hedge funds, pension funds, corporations & private speculatorsThe free-floating currency system began in 1973, and was officially mandated in 1978Online trading began in the mid to late 1990's
Source: BIS Triennial Survey 2004Trading Hours24 hour marketSunday 5pm EST through Friday 4pm EST. Rollover at 5pm ESTTrading begins in New Zealand, followed by Australia, Asia, the Middle East, Europe, and America
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