FX Poll 1998: Top 50 by share and quality

Top 50 by % share of forex market
Rank
98	97		Estimated share %
1	1	Citibank	8.54
2	4	Deutsche Bank	5.57
3	5	Chase Manhattan	4.78
4	8	Goldman Sachs	4.04
5	9	HSBC*	4.00
6	7	JP Morgan	3.05
7	6	SBC Warburg Dillon Read	2.69
8	3	Merrill Lynch	2.65
9	2	NatWest	2.60
10	35	Industrial Bank of Japan	2.53
11	15	ABN Amro	2.41
12	11	Bank of America	2.29
13	21	Morgan Stanley Dean Witter	1.93
14	23	AIG	1.91
15	28	S-E-Banken	1.83
16	19	Royal Bank of Canada	1.72
17	20	Standard Chartered Bank	1.65
18	91	Bear Stearns	1.40
19	14	Union Bank of Switzerland	1.33
20	10	Barclays Capital	1.11
21	12	Credit Suisse First Boston	1.05
22	43	Bank of Montreal	0.96
23	54	Den Danske Bank	0.89
24	–	Daiwa International Trust Bank	0.84
25	16	Commerzbank	0.81
26	30	Crédit Agricole Indosuez	0.78
27	22	First Chicago NBD	0.76
28	32	Royal Bank of Scotland	0.74
29	24	Société Générale	0.74
30	108	Flemings	0.71
31	29	Dresdner Kleinwort Benson	0.70
32	42	Banque Nationale de Paris	0.69
33	17	Sumitomo Bank	0.68
34	62	State Street Bank & Trust	0.66
35	93	Rabobank	0.64
36	13	Bank of Tokyo-Mitsubishi	0.54
37	44	Bank of Scotland	0.54
38	–	Caisse des Dépôts et Consignations	0.54
39	46	Svenska Handelsbanken	0.48
40	49	Bank of New York	0.46
41	37	CIBC Wood Gundy	0.44
42	39	Lloyds Bank	0.39
43	59	Generale Bank	0.39
44	27	Bankers Trust	0.36
45	**	Salomon Smith Barney	0.36
46	69	Cargill	0.35
47	77	ING Barings	0.33
48	25	Sanwa Bank	0.33
49	65	Bayerische Vereinsbank	0.33
50	55	Asahi Bank	0.31
* Denotes HSBC Midland in all areas except Asia where FX activity is done through HSBC Markets ** Salmon Brothers ranked 82, Smith Barney 81

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