What is most different about the foreign exchange market versus the Ne

What is most different about the foreign exchange market versus the New York Stock Exchange?

What will be an ideal response?

ANSWER

Answer: The interbank foreign exchange market is a very large, diverse, over-the-counter market, not a physical trading place such as the New York Stock Exchange where buyers and sellers gather in a specific geographic location to agree on a price to exchange currencies. Currency traders, who are employees of financial institutions in the major financial cities around the world, deal with each other primarily over the phone or via computer, with written or formal electronic confirmations of transactions occurring only later.