Stow-on-the-Wold is a market town and civil parish in Gloucestershire, England, on top of an 800-foot hill at the junction of main roads through the Cotswolds, including the Fosse Way, which is of Roman origin. The town was founded by Norman lords to absorb trade from the roads converging there. Fairs have been held by royal charter since 1330; a horse fair is still held on the edge of town nearest to Oddington in May and October each year.