FX comment: Tech and regs open the FX space

That the market is feeling the gravitational pull of a few big names has been one of our favourite topics for at least six years. But perhaps we are wrong. The very biggest banks have so far failed to become supernovas: the market share of the top five, according to Euromoney’s FX survey, was stable at just over 60% between 2007 and 2009 and dimmed to 54.6% in the 2010 survey. Perhaps last year’s result was a kink in the fabric of the FX space.

That the market is feeling the gravitational pull of a few big names has been one of our favourite topics for at least six years. But perhaps we are wrong. The very biggest banks have so far failed to become supernovas: the market share of the top five, according to Euromoney’s FX survey, was stable at just over 60% between 2007 and 2009 and dimmed to 54.6% in the 2010 survey. Perhaps last year’s result was a kink in the fabric of the FX space.

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