FX poll 2008: Market Share by Institutional Type

FX moves to centre stage
Deutsche dominates, Barclays boosted, BoA bashed
FX Poll results
Overall Market Share	Market Share by Institutional Type
Market share by size	Market share by region
E-trading market share	Who’s best where?
Most impressive approach	FX services
Research and strategy	Forwards
Options	Structured FX option solutions
Best for currencies	Single-bank online platforms As rated ‘very good’ or ‘excellent’ by customers
Multi-bank and independent online platforms As rated ‘very good’ or ‘excellent’ by customers	Methodology

Market share by institution type
Non-financial corporations
2008	2007	Bank	Market share
1	1	Citi	15.31%
2	2	Deutsche Bank	9.52%
3	4	HSBC	8.62%
4	3	RBS	6.02%
5	6	UBS	5.13%
6	5	Barclays Capital	4.32%
7	14	Société Générale	3.69%
8	7	Goldman Sachs	3.48%
9	27	Lehman Brothers	3.39%
10	11	JPMorgan	3.26%
11	10	BNP Paribas	3.13%
12	12	SEB	3.11%
13	13	Mitsubishi UFJ	2.86%
14	8	ABN Amro	2.77%
15	9	Bank of America	2.17%
Most Improved by Market Share
Non-financial corporations
2008	Bank		Change
1	Lehman Brothers		664.82%
2	Société Générale		259.65%
3	Fortis Bank		247.38%
4	Svenska Handelsbanken		116.83%
5	Standard Chartered		115.33%
Most Improved by ranking
Non-financial corporations
2008	Bank		Rank change
1	Lehman Brothers		18
2=	Société Générale		7
2=	Fortis Bank		7
Market share by institution type
Real money
2008	2007	Bank	Market share
1	3	Deutsche Bank	17.57%
2	1	UBS	9.07%
3	5	JPMorgan	8.75%
4	6	Barclays Capital	7.64%
5	2	Citi	7.22%
6	11	HSBC	7.19%
7	4	RBS	5.43%
8	8	Morgan Stanley	5.22%
9	7	Goldman Sachs	4.25%
10	9	State Street	4.02%
11	12	Credit Suisse	2.54%
12	10	Merrill Lynch	2.36%
13	15	Lehman Brothers	1.70%
14	14	Bank of America	1.44%
15	17	BNP Paribas	1.38%
Most Improved by Market Share
Real money
2008	Bank		Change
1	Mitsubishi UFJ		274.45%
2	HSBC		144.07%
3	Commonwealth Bank of Australia		141.84%
4	Westpac		101.71%
5	Deutsche Bank		76.48%
Most Improved by ranking
Real money
2008	Bank		Rank change
1	Mitsubishi UFJ		10
2	Commonwealth Bank of Australia		8
3=	HSBC		5
3=	Westpac		5
Market share by institution type
Banks
2008	2007	Bank	Market share
1	1	UBS	29.45%
2	2	Deutsche Bank	19.56%
3	5	Barclays Capital	8.48%
4	3	RBS	5.92%
5	4	Citi	5.34%
6	12	Dresdner Kleinwort	3.58%
7	6	HSBC	3.09%
8	10	BNP Paribas	2.85%
9	8	Goldman Sachs	2.44%
10	9	JPMorgan	2.21%
11	7	Lehman Brothers	2.15%
12	16	Credit Suisse	1.23%
13	11	Bank of America	1.21%
14	25	Société Générale	1.21%
15	14	ABN Amro	1.11%
Most Improved by Market Share
Banks
2008	Bank		Change
1	Société Générale		518.04%
2	Dresdner Kleinwort		303.56%
3	SEB		239.22%
4	Fortis Bank		223.11%
5	Raiffeisen Zentralbank (RZB)		152.73%
Most Improved by ranking
Banks
2008	Bank		Rank change
1	Société Générale		11
2	SEB		8
3	Fortis Bank		8
Market share by institution type
Leveraged funds
2008	2007	Bank	Market share
1	1	Deutsche Bank	25.95%
2	2	Barclays Capital	11.81%
3	4	RBS	9.63%
4	6	UBS	7.53%
5	5	Citi	6.88%
6	9	Morgan Stanley	5.71%
7	8	Goldman Sachs	4.82%
8	11	JPMorgan	4.20%
9	7	HSBC	4.04%
10	3	Bank of America	2.99%
11	10	Lehman Brothers	2.67%
12	12	Calyon	2.50%
13	16	Credit Suisse	2.27%
14	13	Merrill Lynch	1.89%
15	15	ABN Amro	1.22%
Most Improved by Market Share
Leveraged funds
2008	Bank		Change
1	Bear Stearns		222.23%
2	Credit Suisse		118.15%
3	JPMorgan		70.09%
4	UBS		38.00%
5	RBS		32.78%
Most Improved by ranking
Leveraged funds
2008	Bank		Rank change
1	Bear Stearns		7
2=	Morgan Stanley		3
2=	JPMorgan		3
2=	Credit Suisse		3

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FX poll 2008: Market Share by Institutional Type

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