U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > World Forums > World
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
View Poll Results: Financial Capital of the World?
London 79 36.24%
New York 139 63.76%
Voters: 218. You may not vote on this poll

Reply Start New Thread
 
Old 01-01-2013, 12:04 AM
 
Location: East Coast of the United States
13,505 posts, read 16,193,269 times
Reputation: 9249

Advertisements

It's probably New York, with London a close second.

Wall Street and the New York Stock Exchange are pretty much synonymous with finance in the world today.
Reply With Quote Quick reply to this message

 
Old 01-01-2013, 12:54 PM
 
Location: In the heights
16,562 posts, read 18,881,491 times
Reputation: 8106
Quote:
Originally Posted by BigCityDreamer View Post
It's probably New York, with London a close second.

Wall Street and the New York Stock Exchange are pretty much synonymous with finance in the world today.
Which is mostly sort of leftovers from the 20th century--Wall Street itself isn't even really front and center for NYC itself anymore. There's the link I put up that has a compilation of various indices, so it's probably a bit more telling. I just wish the article had years prior because from previous lists, it was pretty amazing how London rose through the decade and then topped NYC year after year for a bit (the two are basically neck and neck) meanwhile East Asian cities kept on getting higher and higher on the list. It's pretty interesting to watch the large shift. The other interesting metric to watch are Fortune's Global 500 or Global 2000 list of company headquarters where the shift away from a few main centers in the US, Europe and Japan is way more apparent and just absolutely tremendous from 2007 (right before the recession).
Reply With Quote Quick reply to this message
 
Old 01-01-2013, 06:29 PM
 
Location: London, United Kingdom
6,120 posts, read 6,650,343 times
Reputation: 6698
New York & London

Then Tokyo.

Those are the worlds most powerful financial markets. I think both London & New York are essentially tied- as many sources state. New York does have the history though.
Reply With Quote Quick reply to this message
 
Old 01-01-2013, 09:52 PM
 
168 posts, read 163,858 times
Reputation: 45
New York City.... It has the largest exchange in the world (wall street), and it's a city in the USA, the world's wealthiest nation
Reply With Quote Quick reply to this message
 
Old 01-03-2013, 03:09 AM
 
Location: Westminster, London
878 posts, read 1,041,361 times
Reputation: 681
An interesting PPT on the reason why london is why is now the international financial center: https://www.dur.ac.uk/resources/ihrr...naldMichie.ppt


Some charts from the presentation...


Interbank Financial Activity (Borrowing and Lending Between Banks, 2010):

Location Total Share of World

London: $6.9 trillion (17.9%)
New York: $5.1 trillion (13.2%)
Tokyo: $3.8 trillion (1.7%)



Foreign Exchange Turnover (Daily average, April 2010):


Location Total Share of World
London: $1.9 trillion (36.7%)
New York: $0.9 trillion (17.9%)
Tokyo: $0.3 trillion (6.2%)



Interest Rate Derivatives Turnover (Daily average, April 2010):

Location Total Share of World

London: $1.2 trillion (45.8%)
New York: $0.6 trillion (23.8%)
Tokyo: $0.1 trillion (3.3%)



World’s Largest Equity Markets (Value of share trading, 2010)

Location Total Share of World

NYSE: $17.8 trillion (28.2%)
Nasdaq: $12.7 trillion (20.1%)
Shanghai: $4.5 trillion (7.1%)
Tokyo: $3.8 trillion (6.0%)
Shenzen: $3.6 trillion (5.7%)
Reply With Quote Quick reply to this message
 
Old 06-09-2013, 01:56 PM
 
1 posts, read 1,393 times
Reputation: 10
Thumbs up Financial capital of the world

Quote:
Originally Posted by dunno what to put here View Post
Great analysis. What needs to be understood is the role USA plays in dominating the world. It's not through shear strength of money or wealth, it's rather in having the ability to designate any value on the Money. USA is uniquely responsible for transforming the basis of money from Gold to US dollars down to electronic promissory note. That's how it is possible to lose $4 trillion in one day, that too in real-estate, without having one house flooded, or affected by a hurricane, earth quake or any calamity. If the real value of Money were preserved, USA wouldn't be able to buy real commodity with promissory note that they can repeal at a later date, showing an excuse that they fabricate. Dominance in the information (actually it's disinformation) traffic in the name of Information Technology (IT) has catapulted USA to a zenith that is truly unprecedented. At no time in history, an empire mastered so much power over the rest of the world and held its victims at bay with so much subjugation and humiliation. At no time, victims have been so complainant and downright slavish and eager to serve the oppressor. The accumulation of power has been possible through military dominance. USA has become the world capital of military dominance, with its biggest and most fatal weapon being the 'weapon of disinformation'.
Reply With Quote Quick reply to this message
 
Old 06-09-2013, 06:11 PM
 
Location: Chicago(Northside)
3,719 posts, read 5,483,034 times
Reputation: 1633
Quote:
Originally Posted by dean york View Post
A lot of deluded Americans would have you believe NYC is number one at everything though, purely through their own opinions with no facts to back up their claims. Well certainly from reading these forums anyway.
Its funny that you say that because first its opinons you said it yourself honey, second if you really knew this forum like you say you would know that almost everybody represents different countries and they will have you believe their number 1. You would not believe how many polls i see in which NYC lost in which i can say that NYC has the facts to back that up, considering that many people here are anti-americans, most of them are probably banned by now from this website. I am not saying that america is not included in this, because right now i am saying that.
Reply With Quote Quick reply to this message
 
Old 07-28-2013, 04:19 AM
 
Location: Lafayette, IN
838 posts, read 800,296 times
Reputation: 386
C.) None of the above due to a flawed premise.

Globalization is making economic power more diffuse, not more concentrated, at least in terms of metropolitan powers. Sure, there are a handful of all-around super cities like New York, London and Tokyo but as development continues many cities will become 'specialists' focused on filling particular niches in the global economy and/or linking cities in particular regions together and facilitating their access to global markets. A century from now New York, London and Tokyo will be mentioned in the same breath as Singapore, Bangkok, Mumbai, Johannesburg, Sao Paulo, Istanbul, Dubai, Buenos Aires and so on...
Reply With Quote Quick reply to this message
 
Old 07-28-2013, 10:51 AM
 
Location: East Coast of the United States
13,505 posts, read 16,193,269 times
Reputation: 9249
Quote:
Originally Posted by Ever Adrift View Post
A century from now New York, London and Tokyo will be mentioned in the same breath as Singapore, Bangkok, Mumbai, Johannesburg, Sao Paulo, Istanbul, Dubai, Buenos Aires and so on...
Problem is - almost none of us reading this forum will be around to see how it all turned out. :-)

My guess is that there will continue to be a hierarchy of cities in terms of financial power and 2 or 3 cities will dominate. What those cities will be a century from now is anyone's guess.
Reply With Quote Quick reply to this message
 
Old 07-28-2013, 11:13 AM
 
168 posts, read 236,077 times
Reputation: 141
London, no doubt about it.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > World Forums > World

All times are GMT -6.

© 2005-2017, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32 - Top