FX Poll: How London rates interbank markets

Consistently tight markets 99 98 Score 1 1 Chase Manhattan Bank 52 2 * Warburg Dillon Read 49 3 3 Deutsche Bank 43 4 5= Barclays Capital 17 5 – JP Morgan 14 6= 5= Citibank/Salomon Smith Barney 13 6= 4 HSBC 13 8 – ABN Amro 11 9 – Royal Bank of Canada 10 […]

Consistently tight markets
99 98 Score
1 1 Chase Manhattan Bank 52
2 * Warburg Dillon Read 49
3 3 Deutsche Bank 43
4 5= Barclays Capital 17
5 – JP Morgan 14
6= 5= Citibank/Salomon Smith Barney 13
6= 4 HSBC 13
8 – ABN Amro 11
9 – Royal Bank of Canada 10
10 – Crédit Agricole Indosuez 9
11 – Credit Suisse First Boston 8
12 – Morgan Stanley Dean Witter 5
* SBC Warburg Dillon Read ranked 2

Currency pairs

€/$

99 98 Score
1 Deutsche Bank 56
2 Warburg Dillion Read 52
3 Chase Manhattan Bank 34
4 JP Morgan 24
5 Citibank/Salomon Smith Barney 21

$/Yen

99 98 Score
1 1 Chase Manhattan Bank 42
2 Warburg Dillion Read 31
3 Credit Agricole Indosuez 27
4 Deutsche Bank 22
5= 2 Barclays Capital 20
5= 4 NatWest Global Financial Mrkts 20

£/$

99 98 Score
1 1= Barclays Capital 49
2 * Warburg Dillion Read 36
3 3 Chase Manhattan Bank 34
4 Deutsche Bank 27
5 HSBC 26
* SBC Warburg Dillon Read ranked 1=

$/Sfr

99 98 Score
1 * Warburg Dillion Read 84
2 2 Credit Suisse First Boston 67
3 Chase Manhattan Bank 17
4 4= JP Morgan 10
5= Citibank/Salomon Smith Barney 9
5= Royal Bank of Canada 9
* SBC Warburg Dillon Read ranked 1=, UBS 3

€/Yen

99 98 Score
1 Chase Manhattan Bank 47
2 Warburg Dillion Read 36
3 Deutsche Bank 30
4 Credit Agricole Indosuez 29
5 HSBC 24

€/Sfr

99

98 Score
1 Warburg Dillion Read 74
2 Credit Suisse First Boston 70
3 Chase Manhattan Bank 14
4 Citibank/Salomon Smith Barney 11
5 JP Morgan 9

€/£

99

98 Score
1 Chase Manhattan Bank 42
2 Warburg Dillion Read 33
3 Barclays Capital 31
4 HSBC 23
5 NatWest Global Financial Mrkts 19
Best dealers
Euro (& former Emu 11)
99 98 Score
1 – Deutsche Bank 28
2 – Warburg Dillon Read 26
3 – Chase Manhattan Bank 20
4 – HSBC 14
5= – ABN Amro 12
5= – Barclays Capital 12
7 – JP Morgan 10
8 – Citibank/Salomon Smith Barney 8
9 – NatWest Global Financial Markets 7
10 – Crédit Agricole Indosuez 6
Greek drachma
1 2 Bank of America 58
2 1 Alpha Credit Bank 45
3 3 National Bank of Greece 14
4 – Warburg Dillon Read 11
5 – Citibank/Salomon Smith Barney 9
6 – JP Morgan 7
7= – Chase Manhattan Bank 5
7= – NatWest Global Financial Markets 5
Danish krone
1 – Den Danske Bank 81
2 – Unibank 51
3 – Jyske Bank 35
4 – Sydbank 8
5= – SEB 7
5= – Svenska Handelsbanken 7
7 – Warburg Dillon Read 6
8 – Bikuben Girokasse 5
Norwegian krone
1 – Union Bank of Norway 47
2 – Den norske Bank 43
3 – SEB 30
4 – Christiania Bank 28
5 – Den Danske Bank 25
6 – Warburg Dillon Read 15
7= – Citibank/Salomon Smith Barney 7
7= – Xiania Bank 7
9 – Jyske Bank 6
Swedish krone
1 – SEB 81
2 – Svenska Handelsbanken 44
3 – Warburg Dillon Read 22
4 – Den Danske Bank 16
5 – Swedbank 11
6= – Chase Manhattan Bank 10
6= – Citibank/Salomon Smith Barney 10
6= – MeritaNordbanken 10
9 – Jyske Bank 9
10 – Unibank 5
Australian dollar
1 4 Westpac Banking Corp 54
2 1 ANZ Banking Group 48
3 3 National Australia Bank 28
4 5 MacQuarie Bank 26
5 2 Commonwealth Bank of Australia 23
6 – Warburg Dillon Read 18
7 – Bankers Trust 7
8 – Citibank/Salomon Smith Barney 6
9 – Chase Manhattan Bank 5
Canadian dollar
1 2 Royal Bank of Canada 66
2 1 CIBC Wood Gundy 44
3 4= Bank of Montreal 41
4 3 TD Securities 24
5 4= Bank of Nova Scotia 17
6 – Citibank/Salomon Smith Barney 6
New Zealand dollar
1 3 Westpac Banking Corp 60
2 1 ANZ Banking Group 54
3 2 National Australia Bank 53
4 – Bankers Trust 18
5= 5 Citibank/Salomon Smith Barney 9
5= 4 Commonwealth Bank of Australia 9
Argentinean peso
1= – Credit Suisse First Boston 11
1= – JP Morgan 11
3 – Citibank/Salomon Smith Barney 8
4 – Chase Manhattan Bank 5
Brazilian real
1 – Credit Suisse First Boston 22
2 – JP Morgan 9
3= – Goldman Sachs 7
3= – Lehman Brothers 7
5 – Chase Manhattan Bank 6
Mexican peso
1 – Banco Nacional de Mexico 34
2 – Chase Manhattan Bank 13
3 – JP Morgan 10
4 – Citibank/Salomon Smith Barney 9
5 – Banco Serfin 6
Czech koruna
1 1 Ceskaslovenska Obchodni Banka 26
2 3 Deutsche Bank 21
3= – Crédit Agricole Indosuez 19
3= – HSBC 19
5 – Warburg Dillon Read 18
6= – Citibank/Salomon Smith Barney 17
6= – JP Morgan 17
8 – Bankers Trust 7
9 – Erste Bank 6
10 – Bank Austria Creditanstalt Group 5
Polish zloty
1 1 Bank Handlowy 43
2 – ING Barings 16
3 – Citibank/Salomon Smith Barney 12
4 – ABN Amro 10
5 – Bank of America 9
6= – Chase Manhattan Bank 8
6= – Deutsche Bank 8
8 2 Société Générale 7
9 – PKO 5
Hungarian forint
1 – ING Barings 18
2 – Citibank/Salomon Smith Barney 17
3 – Bankers Trust 12
4 – Bank Austria Creditanstalt Group 9
5 – ABN Amro 6
Hong Kong dollar
1 2 HSBC 38
2 1 Standard Chartered Bank 34
3 – Chase Manhattan Bank 11
4 – NatWest Global Financial Markets 9
5 – Bank of China 8
6 3 Citibank/Salomon Smith Barney 5
Indonesian rupiah
1 1 Standard Chartered Bank 23
2 4 HSBC 17
3= – ANZ Banking Group 11
3= 3 Citibank/Salomon Smith Barney 11
5 – Chase Manhattan Bank 8
6= – Bank of America 6
6= 2 Crédit Agricole Indosuez 6
6= – Warburg Dillon Read 6
9 – JP Morgan 5
Korean won
1 – Chase Manhattan Bank 21
2 – Standard Chartered Bank 15
3 – Deutsche Bank 11
4 – Bankers Trust 8
5= – Citibank/Salomon Smith Barney 6
5= – JP Morgan 6
New Taiwan dollar
1 – Standard Chartered Bank 13
2 – HSBC 11
3 – Citibank/Salomon Smith Barney 7
4 – Bankers Trust 6
Philippine peso
1 – HSBC 15
2 – Standard Chartered Bank 12
3 – Citibank/Salomon Smith Barney 10
Singapore dollar
1 1 Standard Chartered Bank 39
2 2 HSBC 21
3 4 DBS Bank 20
4 5= Crédit Agricole Indosuez 9
5= – ANZ Banking Group 7
5= – JP Morgan 7
5= 5= NatWest Global Financial Markets 7
8 – Bank of America 6
9 3 Citibank/Salomon Smith Barney 5
Thai baht
1 1 Standard Chartered Bank 30
2 2 HSBC 17
3 5 Crédit Agricole Indosuez 13
4= 3= Citibank/Salomon Smith Barney 8
4= – JP Morgan 8
6= 3= Bangkok Bank 7
6= – NatWest Global Financial Markets 7
8 – Chase Manhattan Bank 6
Indian rupee
1 1 State Bank of India 27
2 – Standard Chartered Bank 16
3 – Citibank/Salomon Smith Barney 7
South African rand
1 1 Standard Bank 61
2 4 Nedbank 27
3 5 ABSA 14
4= – JP Morgan 13
4= 3 Standard Chartered Bank 13
6 – Deutsche Bank 12
7 – Citibank/Salomon Smith Barney 7
8= 2 First National Bank of South Africa 6
8= – Investec 6
8= – Warburg Dillon Read 6
11= – Barclays Capital 5
11= – Crédit Agricole Indosuez 5
Turkish lira
1 – ABN Amro 19
2 – Chase Manhattan Bank 17
3= – Citibank/Salomon Smith Barney 11
3= – Demirbank 11
3= – Kocbank 11
6 – Türkiye Garanti Bank 9
7 – HSBC 6
Saudi real
1 – Banque Nationale de Paris 35
2 – National Commercial Bank 11
3 – ABN Amro 10
4 – HSBC 8
5= – Riyad Bank 7
5= – Saudi International Bank 7