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Foreign Exchange Poll results tables 2001

Foreign Exchange results 2001 Top firms by market share (overall) 2001 2000   Estimated market share (%) 1 3 Citigroup 9.74 2 1 Deutsche Bank 9.08 3 6 Goldman Sachs 7.09 4?? 7 JP Morgan 5.22 5?? 2 Chase Manhattan Bank 4.69 6 9 Credit Suisse First Boston 4.1 7 * UBS Warburg 3.55 8 […]

May 1, 2001

Foreign Exchange results 2001
Top firms by market share (overall)
2001 2000   Estimated market share (%)
1 3 Citigroup 9.74
2 1 Deutsche Bank 9.08
3 6 Goldman Sachs 7.09
4?? 7 JP Morgan 5.22
5?? 2 Chase Manhattan Bank 4.69
6 9 Credit Suisse First Boston 4.1
7 * UBS Warburg 3.55
8 14 State Street Bank & Trust 2.99
9 15 Bank of America 2.99
10 10 Morgan Stanley Dean Witter 2.87
11 12 Barclays Capital 2.46
12 5 HSBC 2.44
13 16 ABN Amro 1.86
14 48 BNP Paribas 1.81
15 28 Bank of Nova Scotia 1.58
16 26 CIBC Wood Gundy 1.55
17 43 Bank of Montreal 1.52
18 37 Toronto Dominion Bank 1.48
19 8 Merrill Lynch 1.44
20 ? Royal Bank of Scotland 1.32
21 21 Northern Trust 0.74
22 31 Bank of Tokyo-Mitsubishi 0.72
23 13 Royal Bank of Canada 0.71
24 19 Crédit Agricole Indosuez 0.67
25 40 Dresdner Kleinwort Wasserstein 0.58
26 17 Bank of New York 0.57
27 ** Mizuho Group 0.46
28 18 Lehman Brothers 0.44
29 22 ING Barings 0.4
30 50 Rabobank 0.38
31 20 Brown Brothers Harriman 0.38
32 23 Standard Chartered Bank 0.31
33 25 Société Générale 0.3
34 *** Sumitomo Mitsui Banking Corp (SMBC) 0.26
35 32 SEB 0.24
36 34 Lloyds TSB 0.24
37 **** Nordea 0.23
38 38 Commerzbank 0.22
39 24 Gruppo Intesa 0.21
40 85 Sanwa Bank 0.21
41 101 ANZ Banking Group 0.2
42 52 National Australia Bank 0.19
43 – Cho Hung Bank 0.17
44 67 Crédit Lyonnais 0.16
46 46 Mellon Financial Corporation 0.15
47 41 Dankse Bank 0.14
48 35 AIG International 0.13
49 45 Westdeutsche Landesbank 0.12
50 42 Westpac Banking Corp 0.12
 
*Warburg Dillon Read 4, PaineWebber 79
**IBJ ranked 29, Fuji Bank 51, Dai-Ichi Kangyo Bank 66
***Sumitomo Bank 60, Sakura Bank 81
****MeritaNordbanken ranked 30, Unibank 49, Christiana Bank 59
? Royal Bank of Scotland 36, NatWest Global Financial markets 11
??JP Morgan and Chase merged 31 Dec 2000


Top firms by market share
(excluding institutional investors)
2001 2000   Estimated market share (%)
1 1 Citigroup 9.45
2 2 Deutsche Bank 8.63
3 9 Goldman Sachs 5.23
4 4 HSBC 4.51
5 * UBS Warburg 3.58
6 6 Bank of America 3
7?? 3 Chase Manhattan Bank 2.85
8 11 ABN Amro 2.67
9 17 Barclays Capital 2.26
10?? 12 JP Morgan 2.17
11 8 Credit Suisse First Boston 2.14
12 22 Bank of Tokyo-Mitsubishi 2.11
13 38 BNP Paribas 1.72
14 ? Royal Bank of Scotland 1.47
15 25 Morgan Stanley Dean Witter 1.45
16 ** Mizuho Group 1.39
17 42 Dresdner Kleinwort Wasserstein 1.3
18 13 Crédit Agricole Indosuez 1.06
19 10 Merrill Lynch 0.96
20 16 Standard Chartered Bank 0.86
21 18 Société Générale 0.79
22 *** Sumitomo Mitsui Banking Corp (SMBC) 0.78
23 23 SEB 0.73
24 **** Nordea 0.69
25 74 Sanwa Bank 0.67
26 27 Commerzbank 0.59
27 7 Royal Bank of Canada 0.57
28 58 Crédit Lyonnais 0.5
29 26 ING Barings 0.49
30 34 Dankse Bank 0.39
 
*Warburg Dillon Read 5, PaineWebber 69
***Sumitomo Bank 54, Sakura Bank 71
****MeritaNordbanken ranked 21, Unibank 41, Christiana Bank 52
? Royal Bank of Scotland 35, NatWestGlobal Financial Markets 15
 
Top firms by market share
(institutional investors only)
2001 2000   Estimated market share (%)
1 3 Citigroup 9.16
2 1 Deutsche Bank 8.83
3 5 Goldman Sachs 7.42
4?? 6 JP Morgan 6.48
5?? 2 Chase Manhattan Bank 5.25
6 11 Credit Suisse First Boston 4.87
7 12 State Street Bank & Trust 4.35
8 * UBS Warburg 3.11
9 8 Morgan Stanley Dean Witter 3.06
10 20 Bank of America 2.98
11 13 Barclays Capital 2.45
12 51 Bank of Nova Scotia 2.15
13 49 CIBC Wood Gundy 2.14
14 40 Bank of Montreal 2.1
15 29 Toronto Dominion Bank 2.09
16 69 BNP Paribas 1.85
17 9 Merrill Lynch 1.67
18 16 ABN Amro 1.46
19 7 HSBC 1.41
20 ? Royal Bank of Scotland 1.11
21 19 Northern Trust 1.09
22 15 Bank of New York 0.75
23 14 Lehman Brothers 0.62
24 17 Royal Bank of Canada 0.58
25 22 Crédit Agricole Indosuez 0.54
26 18 Brown Brothers Harriman 0.52
27 28 Rabobank 0.4
28 23 ING Barings 0.36
29 21 Gruppo Intesa 0.3
30 38 Lloyds TSB 0.23
 
*Warburg Dillon Read 4
? Royal Bank of Scotland 31, NatWest
Global Financial Markets 10
 
Most innovative approach to business
2001 2000   Score
1 – Citigroup 132
2 – Deutsche Bank 120
3= – Goldman Sachs 39
3= – HSBC 39
5 – UBS Warburg 29
6 – Dresdner Kleinwort Wasserstein 18
7?? – Chase Manhattan Bank 13
8 – ABN Amro 9
9 – Barclays Capital 9
10 – Credit Suisse First Boston 7
11 – Royal Bank of Scotland 7
12 – Lehman Brothers 6
13 – State Street Bank & Trust 6
14 – BNP Paribas 5
15 – Royal Bank of Canada 5
 
Key relationship banks (overall)
2001 2000   Total score
1 1 Citigroup 2573
2 2 Deutsche Bank 2302
3 4 HSBC 1000
4 * UBS Warburg 776
5 6 Goldman Sachs 668
6?? 3 Chase Manhattan Bank 660
7 8 ABN Amro 571
8 18 Standard Chartered Bank 371
9 31 Dresdner Kleinwort Wasserstein 352
10 16 Credit Suisse First Boston 342
11 5 Bank of America 307
12 10 Barclays Capital 297
13 ? Royal Bank of Scotland 264
14?? 9 JP Morgan 245
15 17 Morgan Stanley Dean Witter 230
16 14 BNP Paribas 218
17 19 SEB 200
18 ** Mizuho Group 195
19 13 Bank of Tokyo-Mitsubishi 193
20 11 Royal Bank of Canada 184
21 62= ING Barings 180
22 36 Commerzbank 165
23 12 Merrill Lynch 153
24= 27= Crédit Agricole Indosuez 139
24= 22 State Street Bank & Trust 139
 
*Warburg Dillon Read 7, PaineWebber 69
**IBJ ranked 34=, Fuji Bank 46, Dai-Ichi Kangyo Bank 70=
? Royal Bank of Scotland 37, NatWest Global Financial Markets 15
 
Key relationship banks
(institutional investors only)
2001 2000   Total score
1 1 Deutsche Bank 729
2 2 Citigroup 557
3 * UBS Warburg 364
4 6 Goldman Sachs 304
5?? 3 Chase Manhattan Bank 239
6 8 Morgan Stanley Dean Witter 173
7 11= Credit Suisse First Boston 153
8 13 ABN Amro 136
9 10 State Street Bank & Trust 132
10 8 HSBC 127
11 14 Barclays Capital 121
12?? 4 JP Morgan 120
13 ? Royal Bank of Scotland 98
14 7 Merrill Lynch 79
15 47= Dresdner Kleinwort Wasserstein 78
16 17 Bank of New York 66
17 26= Brown Brothers Harriman 65
18 30= Crédit Agricole Indosuez 63
19 19 Lehman Brothers 59
20 11= Bank of America 56
21 47= ING Barings 47
22 15 Royal Bank of Canada 45
23 18 Westpac Banking Corp 41
24 – Commerzbank 33
25= – Crédit Lyonnais 28
25= – Mitsubishi Trust & Banking 28
25= – Société Générale 28
 
*Warburg Dillon Read 5
? NatWest Global Financial Markets 16
 
Key relationship banks
(excluding institutional investors)
2001 2000   Total score
1 1 Citigroup 1782
2 2 Deutsche Bank 1408
3 3 HSBC 803
4?? 4 Chase Manhattan Bank 401
5 6 ABN Amro 396
6 * UBS Warburg 370
7 7 Goldman Sachs 318
8 16 Standard Chartered Bank 312
9 29= Dresdner Kleinwort Wasserstein 234
10 5 Bank of America 233
11 14 SEB 181
12= 11 BNP Paribas 179
12= ** Mizuho Group 179
14 10 Bank of Tokyo-Mitsubishi 175
15 21 Credit Suisse First Boston 173
16 8 Barclays Capital 149
17 45 BSCH 137
18 ? Royal Bank of Scotland 136
19 65= ING Barings 123
20 31 Commerzbank 121
21 73= HypoVereinsbank 101
22 15 Société Générale 98
23 13 Royal Bank of Canada 95
24 23 Crédit Agricole Indosuez 86
25?? 12 JP Morgan 82
 
*Warburg Dillon Read 9
**IBJ ranked 39, Fuji Bank 42=, Dai-Ichi Kangyo Bank 61=
?Royal Bank of Scotland 32, NatWest Global Financial Markets 16
 
Who’s best where
London
2001 2000   Total score
1 1 Citigroup 385
2 2 Deutsche Bank 319
3?? 4 Chase Manhattan Bank 191
4 9= Goldman Sachs 168
5 3 HSBC 138
6 * UBS Warburg 109
7 5 Barclays Capital 92
8 16 Royal Bank of Scotland 79
9 17 Morgan Stanley Dean Witter 67
10= 6 Bank of America 63
10= 18= Credit Suisse First Boston 63
 
*Warburg Dillon Read 9=
 
New York
2001 2000   Total score
1 2 Citigroup 300
2 1 Deutsche Bank 215
3?? 3 Chase Manhattan Bank 103
4 * UBS Warburg 80
5 4 HSBC 78
6 8 Goldman Sachs 64
7?? 6 JP Morgan 51
8 5 Bank of America 49
9 14 Morgan Stanley Dean Witter 48
10 16= SEB 35
 
*Warburg Dillon Read 7
**IBJ ranked 24=
 
Frankfurt
2001 2000   Total score
1 1 Deutsche Bank 279
2 2 Dresdner Kleinwort Wasserstein 185
3 3 Commerzbank 72
4 4 Citigroup 52
5 7 ING Barings 42
6 10= HypoVereinsbank 25
7 – Landesbank Hessen-Thüringen 19
8 – Chase Manhattan Bank 17
9= – Crédit Lyonnais 12
9= – Royal Bank of Scotland 12
 
Singapore
2001 2000   Total score
1 1 Citigroup 176
2 2 Deutsche Bank 117
3 3 HSBC 76
4 * UBS Warburg 54
5 4 Standard Chartered Bank 44
6 10 Bank of America 43
7 20= DBS Bank 35
8?? 5= Chase Manhattan Bank 23
9 – Crédit Lyonnais 19
10 22= Bank of Tokyo-Mitsubishi 18
 
*Warburg Dillon Read 5=
 
Tokyo
2001 2000   Total score
1 3 Citigroup 86
2 2 Bank of Tokyo-Mitsubishi 76
3?? 1 Chase Manhattan Bank 66
4 4 Deutsche Bank 57
5 *** Sumitomo Mitsui Banking Corp (SMBC) 56
6 ** Mizuho Group 47
7 – Goldman Sachs 33
8 5 HSBC 25
9 – Morgan Stanley Dean Witter 15
10 – ABN Amro 14
 
*Warburg Dillon Read 13
**IBJ ranked 8, Fuji Bank 6=
***Sumitomo Bank 6=
 
Sydney
2001 2000   Total score
1 3 Deutsche Bank 68
2 5 Westpac Banking Corp 56
3 2 ANZ Banking Group 54
4 1 Citigroup 49
5 9 National Australia Bank 33
6 6 Commonwealth Bank of Australia 26
7 – Royal Bank of Canada 24
8 12 Toronto Dominion Bank 20
9 11 ABN Amro 16
10   Macquarie Bank 15
 
Hong Kong
2001 2000   Total score
1 1 HSBC 113
2 2 Citigroup 63
3 5 Deutsche Bank 59
4 4 Standard Chartered Bank 33
5= 7 Fortis Bank 29
5= 6 Goldman Sachs 29
7 – UBS Warburg 21
8 19 BNP Paribas 18
9 – Royal Bank of Scotland 17
10 12= Société Générale 16
 
Paris
2001 2000   Total score
1 1 BNP Paribas 103
2 2 Société Générale 62
3 4 Citigroup 49
4 5= Crédit Agricole Indosuez 31
5 – Crédit Lyonnais 26
6 3 Deutsche Bank 25
7 7 HSBC 19
8 – CDC Marchés 11
9= – ING Barings 6
9= – Barclays Capital 6
 
Others (miscellaneous centres)
2001 2000   Total score
1 – Citigroup 212
2 – Deutsche Bank 207
3 – HSBC 140
4 – UBS Warburg 69
5 – ABN Amro 64
6 – Credit Suisse First Boston 50
7 – SEB 45
8 – Standard Chartered Bank 44
9 – Svenska Handelsbanken 33
10 – Royal Bank of Canada 31
 
Currency pairs
Euro/dollar
2001 2000   Total score
1 1 Deutsche Bank 460
2 2 Citigroup 437
3 8 Goldman Sachs 137
4 4 HSBC 128
5 * UBS Warburg 126
6?? 3 Chase Manhattan Bank 120
7= 5 ABN Amro 69
7= 32= Dresdner Kleinwort Wasserstein 69
9 15 Morgan Stanley Dean Witter 50
10 18= Credit Suisse First Boston 48
 
*Warburg Dillon Read 6
 
Euro/yen
2001 2000   Total score
1 1 Deutsche Bank 295
2 2 Citigroup 278
3?? 3 Chase Manhattan Bank 100
4 9 Goldman Sachs 94
5 4 HSBC 92
6 * UBS Warburg 79
7 – Dresdner Kleinwort Wasserstein 48
8 11 ABN Amro 46
9 5 Bank of Tokyo-Mitsubishi 45
10 ** Mizuho Group 37
 
*Warburg Dillon Read 6
**IBJ ranked 14
 
Euro/sterling
2001 2000   Total score
1 1 Deutsche Bank 255
2 3 Citigroup 244
3 2 HSBC 171
4 5 Barclays Capital 104
5 11= Royal Bank of Scotland 82
6 * UBS Warburg 72
7?? 4 Chase Manhattan Bank 66
8 11= Goldman Sachs 65
9 7 ABN Amro 49
10 – Dresdner Kleinwort Wasserstein 46
 
Euro/Swiss francs
2001 2000   Total score
1 1 Deutsche Bank 208
2 * UBS Warburg 204
3 3 Citigroup 144
4 6 Credit Suisse First Boston 74
5 5 HSBC 52
6?? 4 Chase Manhattan Bank 49
7 7 Goldman Sachs 45
8 16= Dresdner Kleinwort Wasserstein 40
9 10= ABN Amro 32
10?? 8 JP Morgan 26
 
*Warburg Dillon Read 2
 
Dollar/yen
2001 2000   Total score
1 2 Citigroup 295
2 1 Deutsche Bank 232
3?? 3 Chase Manhattan Bank 141
4 9 Goldman Sachs 127
5 * UBS Warburg 99
6 5 HSBC 87
7 6 Bank of Tokyo-Mitsubishi 86
8 ** Mizuho Group 58
9 4 Bank of America 52
10 12 Morgan Stanley Dean Witter 44
 
*Warburg Dillon Read 7
**IBJ ranked 23=, Fuji Bank 19
 
Dollar/sterling
2001 2000   Total score
1 1 Citigroup 222
2 2 Deutsche Bank 177
3 3 HSBC 150
4 5 Barclays Capital 100
5 6 Royal Bank of Scotland 89
6?? 4 Chase Manhattan Bank 74
7 * UBS Warburg 60
8 10= Goldman Sachs 46
9 7 Bank of America 32
10=?? 8 JP Morgan 28
10= 12 Royal Bank of Canada 28
 
*Warburg Dillon Read 15
 
Dollar/Swiss franc
2001 2000   Total score
1 * UBS Warburg 229
2 3 Citigroup 185
3 2 Deutsche Bank 152
4 5 Credit Suisse First Boston 95
5?? 4 Chase Manhattan Bank 71
6 7 HSBC 62
7 8= Goldman Sachs 41
8 – Dresdner Kleinwort Wasserstein 39
9 12 ABN Amro 30
10 – Brown Brothers Harriman 21
 
*Warburg Dillon Read 1
 
Best dealers
Argentine peso
2001 2000   Total score
1 1 Citigroup 84
2 2 Deutsche Bank 53
3 7= BSCH 36
4?? 3 Chase Manhattan Bank 36
5 6 FleetBoston Financial Group 28
6 7= HSBC 20
7 11= Morgan Stanley Dean Witter 13
8= – Barclays Capital 11
8= 5 Goldman Sachs 11
10?? 3 JP Morgan 10
 
Australian dollar
2001 2000   Total score
1 1 Citigroup 178
2 2 Deutsche Bank 130
3 4 Westpac Ba, nking Corp 75
4 3 ANZ Banking Group 74
5 7 HSBC 64
6?? 5 Chase Manhattan Bank 56
7 9= Goldman Sachs 48
8 16 ABN Amro 44
9 6 National Australia Bank 42
10 * UBS Warburg 33
 
*Warburg Dillon Read 12
 
Brazilian real
2001 2000   Total score
1 1 Citigroup 107
2 2 Deutsche Bank 56
3=?? 3= Chase Manhattan Bank 41
3= 3= FleetBoston Financial Group 41
5?? 7 JP Morgan 19
6 9 Goldman Sachs 18
7= 10 BSCH 13
7= 5 HSBC 13
9 16= AIG International 11
10= – BBVA 8
10= 11= Credit Suisse First Boston 8
 
Canadian dollar
2001 2000   Total score
1 2 Citigroup 220
2 1 Royal Bank of Canada 160
3 3 Deutsche Bank 98
4 8 Toronto Dominion Bank 89
5 13 Goldman Sachs 52
6?? 4 Chase Manhattan Bank 48
7 8 HSBC 46
8 * UBS Warburg 39
9 6 Bank of Nova Scotia 37
10 10 Bank of Montreal 35
 
*Warburg Dillon Read 11
 
Chilean peso
2001 2000   Total score
1 – Citigroup 46
2 – Deutsche Bank 28
3?? – Chase Manhattan Bank 20
4 – BSCH 15
5 – ABN Amro 13
6= – FleetBoston Financial Group 12
6= – Goldman Sachs 12
8 – Dresdner Kleinwort Wasserstein 11
9 – AIG International 7
10?? – JP Morgan 6
 
Czech koruna
2001 2000   Total score
1 2 Deutsche Bank 107
2 1 Citigroup 101
3 6= ABN Amro 43
4 12= SEB 19
5 12= ING Barings 18
6 – Commerzbank 17
7 9 Crédit Agricole Indosuez 15
8 – Dresdner Kleinwort Wasserstein 13
9 – UBS Warburg 12
10=?? 4 Chase Manhattan Bank 11
10= – HSBC 11
10= – HypoVereinsbank 11
 
Danish krone
2001 2000   Total score
1 2 Citigroup 121
2 3 Dankse Bank 108
3 1 Deutsche Bank 66
4 4 SEB 59
5 11 ABN Amro 46
6 * Nordea 41
7 10 Svenska Handelsbanken 35
8 9 HSBC 33
9 ** UBS Warburg 32
10?? 7 Chase Manhattan Bank 26
 
*MeritaNordbanken ranked 13, Unibank 5
**Warburg Dillon Read 14=
 
Euro
2001 2000   Total score
1 1 Deutsche Bank 366
2 2 Citigroup 308
3 * UBS Warburg 112
4?? 3 Chase Manhattan Bank 94
5= 5 ABN Amro 90
5= 4 HSBC 90
7 8 Goldman Sachs 80
8 7 Bank of America 47
9 17 Barclays Capital 46
10 9 BNP Paribas 39
 
*Warburg Dillon Read 6
 
Greek drachma
2001 2000   Total score
1 1 Citigroup 85
2 2 Deutsche Bank 41
3= 11 ABN Amro 25
3= 7= National Bank of Greece 25
5 7= HSBC 15
6= 6 Alpha Bank 13
6= – Brown Brothers Harriman 13
6=?? 9= JP Morgan 13
9 4= Bank of America 12
10?? 3 Chase Manhattan Bank 11
 
*Warburg Dillon Read 4=
 
Hong Kong dollar
2001 2000   Total score
1 1 HSBC 160
2 2 Citigroup 147
3 3 Standard Chartered Bank 78
4 4 Deutsche Bank 75
5 6= Goldman Sachs 52
6?? 5 Chase Manhattan Bank 50
7 8 Bank of America 19
8= 9 State Street Bank & Trust 17
8= * UBS Warburg 17
10= 6= Crédit Agricole Indosuez 15
10= 15= Dresdner Kleinwort Wasserstein 15
10= 18= Morgan Stanley Dean Witter 15
 
*Warburg Dillon Read 10
 
Hungarian forint
2001 2000   Total score
1 1 Citigroup 62
2 2 Deutsche Bank 45
3?? 4= Chase Manhattan Bank 14
4= – Credit Suisse First Boston 13
4= 4= Goldman Sachs 13
6= 6 ABN Amro 10
6= 8= Morgan Stanley Dean Witter 10
8 – Crédit Lyonnais 8
9 12 Crédit Agricole Indosuez 7
10= – Dresdner Kleinwort Wasserstein 6
10= 11 HSBC 6
 
Indian rupee
2001 2000   Total score
1 3 HSBC 51
2 2 Standard Chartered Bank 49
3 4 Deutsche Bank 31
4 1 Citigroup 30
5 – State Bank of India 12
6= 6= Bank of America 11
6= 12= Goldman Sachs 11
8 9= Dresdner Kleinwort Wasserstein 8
9 * UBS Warburg 6
10 – HDFC 5
 
*Warburg Dillon Read 8=
 
Indonesian rupiah
2001 2000   Total score
1 1 Citigroup 88
2 2 HSBC 61
3 4 Standard Chartered Bank 51
4= 3 Deutsche Bank 48
4= 7 Goldman Sachs 17
6 – ABN Amro 17
7?? 5 Chase Manhattan Bank 16
8= 11= Bank of Tokyo-Mitsubishi 12
8= – Brown Brothers Harriman 12
10= 6 Bank of America 8
10= – Dresdner Kleinwort Wasserstein 8
 
Korean won
2001 2000   Total score
1 1 Citigroup 110
2 2 HSBC 64
3 3 Deutsche Bank 63
4 4 Standard Chartered Bank 54
5?? 7 Chase Manhattan Bank 33
6 5 Goldman Sachs 21
7 – AIG International 17
8= 6 Bank of America 10
8= 13= Morgan Stanley Dean Witter 10
10?? 9 JP Morgan 9
 
Mexican peso
2001 2000   Total score
1 1 Citigroup 144
2 2 Deutsche Bank 61
3?? 3 Chase Manhattan Bank 47
4 4 Goldman Sachs 23
5?? 6 JP Morgan 21
6 7 BSCH 20
7 12 HSBC 19
8 8= FleetBoston Financial Group 16
9 11 Morgan Stanley Dean Witter 13
10 13= Banco Nacional de México 11
 
New Taiwan dollar
2001 2000   Total score
1 1 Citigroup 118
2 2 HSBC 57
3 3 Standard Chartered Bank 54
4 4 Deutsche Bank 39
5?? 5 Chase Manhattan Bank 25
6 6 Goldman Sachs 16
7 – Bank of America 10
8= – ABN Amro 9
8= – CTCB 9
8= – UBS Warburg 9
 
New Zealand dollar
2001 2000   Total score
1 1 Citigroup 106
2 – ANZ Banking Group 76
3 2 Deutsche Bank 72
4 – Westpac Banking Corp 49
5?? 6 Chase Manhattan Bank 40
6 7 Goldman Sachs 32
7 11= HSBC 26
8 5 National Australia Bank 25
9 * UBS Warburg 22
10= – ABN Amro 20
10= 17= Bank of New Zealand 20
 
*Warburg Dillon Read 10
 
Norwegian krone
2001 2000   Total score
1 1 Citigroup 97
2 3 SEB 93
3 5 Dankse Bank 58
4 2 Deutsche Bank 55
5 ** Nordea 42
6 6 Svenska Handelsbanken 41
7 – ABN Amro 36
8 * UBS Warburg 34
9 10 Den norske Bank 30
10 9 HSBC 26
 
*Warburg Dillon Read 12=
**MeritaNordbanken 14. Christiana Bank 15, Unibank 12=
 
Philippine peso
2001 2000   Total score
1 1 Citigroup 78
2 4 HSBC 77
3 3 Standard Chartered Bank 58
4 2 Deutsche Bank 20
5?? 5= Chase Manhattan Bank 14
6 – AIG International 11
7 7 Goldman Sachs 10
8 – Dresdner Kleinwort Wasserstein 8
9= 9= Morgan Stanley Dean Witter 7
9= * UBS Warburg 7
 
*Warburg Dillon Read 9=
 
Polish zloty
2001 2000   Total score
1 1 Citigroup 107
2 2 Deutsche Bank 96
3?? 5= Chase Manhattan Bank 30
4 8= ABN Amro 28
5 10= HSBC 25
6 – Dresdner Kleinwort Wasserstein 24
7?? 3 JP Morgan 22
8 5= SEB 20
9 8= Crédit Agricole Indosuez 18
10 7 ING Barings 16
 
*Warburg Dillon Read 15=
 
Saudi real
2001 2000   Total score
1= 1 Citigroup 21
1= – Deutsche Bank 21
3= – Crédit Agricole Indosuez 8
3= – Dresdner Kleinwort Wasserstein 8
3= 3 HSBC 8
6 – Goldman Sachs 7
8=?? 2 Chase Manhattan Bank 5
8= 5 Standard Chartered Bank 5
 
Singapore dollar
2001 2000   Total score
1 2 Citigroup 170
2 1 HSBC 106
3 3 Standard Chartered Bank 86
4 4 Deutsche Bank 85
5 9 Goldman Sachs 45
6?? 5= Chase Manhattan Bank 41
7= 5= Bank of America 29
7= 11= DBS Bank 29
9 – Dresdner Kleinwort Wasserstein 23
10 8 Crédit Agricole Indosuez 19
 
*Warburg Dillon Read ranked 7
 
South African rand
2001 2000   Total score
1 1 Citigroup 74
2 2 Deutsche Bank 56
3 3 Standard Chartered Bank 35
4= 12 HSBC 26
4= * UBS Warburg 26
6 15= ABN Amro 22
8= – Dresdner Kleinwort Wasserstein 16
8= 10 Nedcor 16
8= 5 Standard Bank 16
 
*Warburg Dillon Read ranked 11
 
Swedish krona
2001 2000   Total score
1 3 SEB 145
2 1 Citigroup 102
3 2 Deutsche Bank 93
4 4 Svenska Handelsbanken 83
5 6 Dankse Bank 51
6 13= ABN Amro 43
7 * UBS Warburg 35
8 ** Nordea 31
9 17= Credit Suisse First Boston 27
10= 8= Goldman Sachs 26
10=?? 5 Chase Manhattan Bank 26
 
*Warburg Dillon Read ranked 8=
**MeritaNordbanken 7, Unibank 16
 
Thai baht
2001 2000   Total score
1 1 Citigroup 122
2 2 HSBC 91
3 3 Standard Chartered Bank 57
4 5 Deutsche Bank 54
5 7 Goldman Sachs 27
6 9 Crédit Agricole Indosuez 22
7 6 Bank of America 20
8?? 4 Chase Manhattan Bank 18
9= – ABN Amro 15
9= 8 Bank of Tokyo-Mitsubishi 15
 
Turkish lira
2001 2000   Total score
1 2 Deutsche Bank 41
2 1 Citigroup 36
3 7= Morgan Stanley Dean Witter 13
5= – Brown Brothers Harriman 10
5=?? 5= Chase Manhattan Bank 10
7 7= Goldman Sachs 7
8= 15 ABN Amro 6
8=?? – JP Morgan 6
 
Forwards
Under three years
2001 2000   Total score
1 2 Deutsche Bank 610
2 1 Citigroup 598
3 4 HSBC 286
4?? 3 Chase Manhattan Bank 148
5 9 Goldman Sachs 133
6 6 ABN Amro 123
7 * UBS Warburg 121
8 12= Standard Chartered Bank 87
9 27 Credit Suisse First Boston 65
10 39= Dresdner Kleinwort Wasserstein 60
 
*Warburg Dillon Read 7
 
Over three years
2001 2000   Total score
1 2 Deutsche Bank 160
2 1 Citigroup 149
3 4 HSBC 81
4?? 3 Chase Manhattan Bank 59
5 * UBS Warburg 45
6 8 Goldman Sachs 42
7 26= Credit Suisse First Boston 36
8 18= Standard Chartered Bank 33
9 17 Commerzbank 26
10= 6= ABN Amro 22
10= 10 Barclays Capital 22
10=?? 9 JP Morgan 22
 
*Warburg Dillon Read 11
 
Major currencies
2001 2000   Total score
1 2 Deutsche Bank 554
2 1 Citigroup 551
3 4 HSBC 199
4?? 3 Chase Manhattan Bank 159
5 9 Goldman Sachs 147
6 * UBS Warburg 130
7 6 ABN Amro 100
8 5 Bank of America 57
9 29= Credit Suisse First Boston 53
10 41= Dresdner Kleinwort Wasserstein 49
 
*Warburg Dillon Read 7
 
Emerging market currencies
2001 2000   Total score
1 1 Citigroup 372
2 2 Deutsche Bank 284
3 3 HSBC 157
4 5 Standard Chartered Bank 104
5?? 4 Chase Manhattan Bank 94
6 9 Goldman Sachs 65
7 8 ABN Amro 58
8?? 7 JP Morgan 36
9 18= BNP Paribas 35
10 – ING Barings 32
 
Options
Vanilla
2001 2000   Total score
1 1 Citigroup 438
2 2 Deutsche Bank 388
3 * UBS Warburg 194
4 6 Goldman Sachs 130
5?? 4 Chase Manhattan Bank 113
6 7 HSBC 94
7 17= Credit Suisse First Boston 73
8 5 Bank of America 70
9 – Dresdner Kleinwort Wasserstein 41
10= 21 BNP Paribas 37
10= 10 SEB 37
 
*Warburg Dillon Read ranked 3
 
Exotics
2001 2000   Total score
1 1 Citigroup 286
2 2 Deutsche Bank 233
3 * UBS Warburg 153
4 4 Goldman Sachs 122
5 11 Credit Suisse First Boston 90
6?? 5 Chase Manhattan Bank 68
7 8 HSBC 59
8 9= Royal Bank of Scotland 38
9 19= BNP Paribas 36
10?? 7 JP Morgan 28
 
*Warburg Dillon Read 3
 
Trading strategies for options
2001 2000   Total score
1 2 Citigroup 400
2 1 Deutsche Bank 332
3 3 Goldman Sachs 165
4 * UBS Warburg 146
5=?? 5 Chase Manhattan Bank 90
5= 6 HSBC 90
7 15= Credit Suisse First Boston 72
8 9 ABN Amro 54
9 3 Bank of America 49
10 28= Dresdner Kleinwort Wasserstein 38
 
*Warburg Dillon Read 7
 
Pricing options
2001 2000   Total score
1 2 Citigroup 373
2 1 Deutsche Bank 339
3 * UBS Warburg 138
4?? 4 Chase Manhattan Bank 122
5 7 Goldman Sachs 120
6 6 HSBC 109
7 13= Credit Suisse First Boston 72
8 10 ABN Amro 47
9 5 Bank of America 46
10 – Dresdner Kleinwort Wasserstein 41
 
*Warburg Dillon Read 3
 
Spot
Short-term strategy
2001 2000   Total score
1 2 Citigroup 617
2 1 Deutsche Bank 508
3 4 HSBC 274
4?? 3 Chase Manhattan Bank 156
5 * UBS Warburg 139
6 7= ABN Amro 129
7 6 Goldman Sachs 127
8 12 Barclays Capital 84
9 17= Standard Chartered Bank 71
10 17= Credit Suisse First Boston 68
 
*Warburg Dillon Read 7=
 
Consistent pricing
2001 2000   Total score
1 2 Citigroup 616
2 1 Deutsche Bank 603
3 4 HSBC 259
4?? 3 Chase Manhattan Bank 181
5 * UBS Warburg 150
6 6 ABN Amro 140
7 10 Goldman Sachs 132
8 56= Dresdner Kleinwort Wasserstein 72
9 19 Credit Suisse First Boston 68
10= 5 Bank of America 65
10= 13= Barclays Capital 65
 
*Warburg Dillon Read 7
 
Best research
Currency strategy
2001 2000   Total score
1 1 Citigroup 720
2 2 Deutsche Bank 617
3 5 Goldman Sachs 217
4 6 HSBC 214
5?? 3 Chase Manhattan Bank 184
6 * UBS Warburg 168
7 8 ABN Amro 132
8?? 7 JP Morgan 108
9 10 Credit Suisse First Boston 88
10 17 Dresdner Kleinwort Wasserstein 86
 
*Warburg Dillon Read 9
 
Economic
2001 2000   Total score
1 2 Citigroup 683
2 1 Deutsche Bank 631
3 5 Goldman Sachs 253
4 6 HSBC 210
5?? 3 JP Morgan 164
6 * UBS Warburg 155
7?? 4 Chase Manhattan Bank 148
8 9 ABN Amro 112
9 17= Standard Chartered Bank 96
10 10 Morgan Stanley Dean Witter 86
 
*Warburg Dillon Read 8
 
Technical
2001 2000   Total score
1 1 Citigroup 561
2 2 Deutsche Bank 416
3 5 HSBC 196
4?? 3 Chase Manhattan Bank 194
5 * UBS Warburg 183
6?? 7 JP Morgan 100
7 8 ABN Amro 87
8 10 Goldman Sachs 85
9 11= Morgan Stanley Dean Witter 67
10 17= Standard Chartered Bank 61
 
*Warburg Dillon Read 9
 
Short term (0-3 months)
2001 2000   Total score
1 1 Citigroup 484
2 2 Deutsche Bank 394
3 6 HSBC 176
4 * UBS Warburg 126
5 9 Goldman Sachs 111
6?? 3 Chase Manhattan Bank 109
7 5 ABN Amro 108
8?? 7 JP Morgan 78
9 25= Standard Chartered Bank 67
10 18= Credit Suisse First Boston 57
 
*Warburg Dillon Read 4
 
Long term (over 3 months)
2001 2000   Total score
1 2 Deutsche Bank 433
2 1 Citigroup 431
3 7 HSBC 141
4 5 Goldman Sachs 123
5?? 4 JP Morgan 102
6?? 3 Chase Manhattan Bank 92
7 * UBS Warburg 87
8 10= ABN Amro 86
9 10= Credit Suisse First Boston 63
10 12 Morgan Stanley Dean Witter 51
 
*Warburg Dillon Read 6
 
Options and volatility
2001 2000   Total score
1 2 Citigroup 317
2 1 Deutsche Bank 231
3 * UBS Warburg 113
4 4 Goldman Sachs 112
5?? 8 Chase Manhattan Bank 93
6 7 HSBC 87
7?? 3 JP Morgan 43
8 14 Credit Suisse First Boston 36
9 9 ABN Amro 34
10 – Standard Chartered Bank 30
 
*Warburg Dillon Read 6
 
FX services allied with global cash management
2001 2000   Total score
1 1 Citigroup 438
2 2 Deutsche Bank 280
3 4 HSBC 121
4?? 3 Chase Manhattan Bank 83
5 5 ABN Amro 80
6 6 Bank of America 58
7 * UBS Warburg 46
8 13 Standard Chartered Bank 31
9= 15 BSCH 30
9= **** Nordea 30
 
*Warburg Dillon Read 7
****MeritaNordbanken ranked 14,Christiana Bank 25, Unibank 54
 
Internet
Best quality proprietary FX websites
2001 2000   Total score
1 – Citigroup 561
2 – Deutsche Bank 408
3 – Goldman Sachs 232
4 – UBS Warburg 215
5 – Dresdner Kleinwort Wasserstein 84
6 – HSBC 74
7?? – JP Morgan 73
8?? – Chase Manhattan Bank 72
9 – Bank of America 63
10 – Morgan Stanley Dean Witter 42
11 – ABN Amro 42
12 – Standard Chartered Bank 37
13 – State Street Bank & Trust 32
14 – Royal Bank of Scotland 31
15 – Credit Suisse First Boston 28
16 – Barclays Capital 27
17 – Westdeutsche Landesbank 23
18 – Bank of New York 22
19= – Mizuho Group 17
19= – ANZ Banking Group 17
21= – Royal Bank of Canada 13
21= – Bank of Tokyo-Mitsubishi 13
21= – Commerzbank 13
24 – Société Générale 11
25 – Merrill Lynch 10
 
Best internet platform for trade execution
2001 2000   Total score
1 4 Goldman Sachs 181
2 1 Citigroup 161
3 5 Deutsche Bank 154
4 * UBS Warburg 137
5 3 Dresdner Kleinwort Wasserstein 84
6 9 HSBC 32
7 6 State Street Bank & Trust 31
8 12 Barclays Capital 30
9 – Bank of New York 29
10 2 SEB 22
11 13 ABN Amro 21
12 15 Standard Chartered Bank 20
13= 23 ANZ Banking Group 15
13= 10 Credit Suisse First Boston 15
15=?? 15 Chase Manhattan Bank 10
15= 15 Royal Bank of Canada 10
 
*Warburg Dillon Read 23
 
Best internet platform for straight-through processing (STP)
2001 2000   Total score
1 – Citigroup 125
2 – Deutsche Bank 95
3 – Goldman Sachs 89
4 – UBS Warburg 64
5 – Dresdner Kleinwort Wasserstein 37
6 – State Street Bank & Trust 30
7 – HSBC 28
8 – Standard Chartered Bank 16
9 – SEB 15
10 – Barclays Capital 12
11= – Bank of New York 11
11= – Chase Manhattan Bank 11
13?? – Credit Suisse First Boston 9
14 – ANZ Banking Group 8
15 – Brown Brothers Harriman 7
 
Through which dealing platforms do you execute or envisage executing FX business?All respondents
Multi-bank portals
1 0    
1 – Atriax 16%
2 – FXall 13%
3 – Global Link 5%
4 – Currenex 3%
5 – CFOWeb 2%
 
House bank’s single platform:
1= – Goldman Sachs (WebET FX) 17
1= – Deutsche Bank (db-markets eTrade, db direct) 17
3 – UBS Warburg(Keylink, TP Trader) 16
4 – Citigroup(Citi FX, FX Bench) 13
5 – Dresdner Kleinwort Wasserstein (Piranha) 9
6 – SEB 5
7= – Barclays Capital 2
7= – ANZ Banking Group (FX Online) 2
7= – Royal Bank of Canada (FX Direct) 2
7=?? – Chase Manhattan Bank 2
7= – Bank of New York (iFX Manager) 2
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