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What is the international financial market?

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Quick Answer

The international financial market is the worldwide marketplace in which buyers and sellers trade financial assets, such as stocks, bonds, currencies, commodities and derivatives, across national borders. Key cities in the international financial market include New York City, London, Tokyo and Hong Kong.

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Full Answer

While the international financial market existed before their advent, satellites, computers, the Internet and other communication technologies have fueled its growth. Traders around the world buy and sell financial assets around the clock, without regard to location. The marketplace is dominated by large, multinational commercial and investment banks, such as Citi, Bank of America, Goldman Sachs, Deutsche Bank, Credit Suisse and Barclays.

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