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The share of the top 10 banks in the foreign exchange market has been quite consistent, looking back over the last five years. The top ten had 79.68% market share in the 2009 survey, and they have 79.31% between them this year. At the lowest point in the cycle since the financial crisis, they had together 77.35% in 2011. The first nine banks are in exactly the same positions in the 2013 survey that they occupied in 2012, with the only newcomer to the top 10 in at the very bottom of that group.
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