what is the capital of the world?(Nonsence Answer-Report)
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what is the capital of the world?(Nonsence Answer-Report)
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Built under military rule, it is four times the size of London and strangely empty. Amsterdam is the constitutional capital of the Netherlands.
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World Capital Cities - Sortable alphabetically by World Capitals or Countries.
Sorry New York, But London Is The World's Real Capital City
In terms of stock exchanges, calling London the world's financial capital looks ludicrous. The London Stock Exchange isn't even the second-largest stock exchange in the world after the New York Stock Exchange. It's the fourth (after the Nasdaq and Tokyo).
But this is totally unfair to London: The volume of equities trading done on the London Stock Exchange doesn’t capture at all equities trading done in any one place — just the ones local to that economy. So of course London’s stock exchange is smaller than New York’s: the UK’s economy is much smaller than that of the US. But we’re comparing the cities here, not the countries.
So it's good to look at a more international measure of finance: currency markets. In terms of foreign exchange market turnover, the UK isn’t just the leader, it's still gaining ground, according to the Bank of International Settlements. In 1998, 32.6% of the world’s forex trading was done in the UK (almost all of which takes place in London), against 18.3% in the US. By 2013, the UK had grown to make up 40.9% of the global market, seeing a daily average of $2.73 trillion in turnover. Every day.