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| David Jones, global head of foreign exchange trading at NAB |
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Ranking rise: +25 places |
Volume increase: +694% |
ANZ has achieved an amazing 725% increase in volumes over that period. Westpac has jumped 10 places and its volumes have risen 241% since 2011. Both are in the top 20 overall banks by market share this year.
But the biggest climber of the overall rankings over the past three years is National Australia Bank, which has risen from 48th to 23rd since 2011, with a rise in volumes of 694%.
“We realize we can’t compete with the top-tier global banks in FX. But we can tactically deploy our strengths across the globe and continue to grow our business,” says David Jones, global head of foreign exchange trading at NAB. “We’ve grown our institutional business. We see great opportunities in Asia, notably in CNH and in retail, which will be two of the biggest drivers of volume in the coming years.”
View overall FX market share rankings
| Rising up the Euromoney FX overall rankings | ||||
| Top 10 risers in overall rating, 2011 to 2014 | ||||
| Bank | Rank change since 2011 | Market share change (%) | Volume change ($mln) | Volume change (%) |
| National Australia Bank | 25 | 0.43 | ||