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An international financial centre is a non-specific term of reference usually meant to designate a city as a major participant in international financial markets for the trading of cross-border assets. An international financial centre (sometimes abbreviated to IFC) will usually have at least one significant stock market as well as other financial markets, as well as being subject to a significant presence of international banks. Financial centres have existed throughout history in ancient centres such as Babylon, Constantinople and Rome. As of March 2009, the top ten financial centres according to the Global Financial Centres Index in the world, by country are[1]
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