May 2006
FX Poll 2006: Worlds Largest FX banks by market share
The most representative annual FX poll that Euromoney has ever conducted examines a market in which technology shapes the present and the future, and the buy side is unwilling to break the bank when buying services. In a growing market that demands huge expenditure and promises little return, banks have to position themselves well to stay in the game. Florian Neuhof reports.
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Best Local Banks
Who's best where? Japan
Methodology
Investment is crucial in the volume game
More banks, leveraged funds and real money managers have taken part in Euromoney’s annual foreign exchange poll than ever before. What’s more, the average financial institution involved in the FX market is trading much bigger volumes than ever before. The number of leveraged funds participating in the poll, for instance, has increased by 63% from 371 to 607, on the previous year. At the same time, the total turnover of all leveraged funds combined has increased by 138% from $13 trillion to $31 trillion.
Alone of the major customer segments, banks and hedge funds have increased their share of the number of votes cast, and of business reported. For the second year in a row north American FX volumes make up in excess of 35% of business transacted (2005, 36.05%; 2006, 35.72%) and one-fifth by number of total votes.
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