Which of the following is NOT a major participant in the foreign exchange market?

none of the above

The correct answer is option 4: None of the above

The major participants in the foreign exchange market are commercial banks, foreign exchange brokers and other authorised dealers and monetary authorities. It is important to note that although participants themselves may have their own trading centres , the market itself is world-wide. There is a close and continuous contact between the trading centres and the participants deal in more than one market.