FX survey 2014: Bank of America Merill Lynch

By:
Clive Horwood
Published on:

For the first time since the merger of Bank of America and Merrill Lynch in 2008, the firm is starting to make serious inroads into the Euromoney FX survey. This year it jumps from 10th to seventh place in the overall rankings, with a market share of 4.38%. But this is not a short-term improvement; over the past three years BofA Merrill’s market share has increased by 1.43 percentage points, and its volumes by almost 90%. And its ambitions are far from sated.

  Ranking rise:
+5
Volume increase:
+88%


Kevin Connors, global head of FX sales at BofA Merrill, says: "We want to be a global resource for our clients. In...