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Home 2004 FX poll: MARKET SHARE

2004 FX poll: MARKET SHARE

OVERALL CORPORATES INSTITUTIONAL INVESTORS (Ex BANKS) BANKS HEDGE FUNDS

July 1, 2004

2004 FX poll: FX Results

MARKET SHARE
  OVERALL
  CORPORATES
  INSTITUTIONAL INVESTORS (Ex BANKS)
  BANKS
  HEDGE FUNDS

MARKET SHARE

OVERALL
2004 2003 Overall Market Share % of total
1 1 UBS 12.36%
2 3 Deutsche Bank 12.18%
3 2 Citigroup 9.37%
4 4 JPMorgan 5.78%
5 7 HSBC 4.89%
6 5 Goldman Sachs 4.54%
7 9 Barclays Capital 4.08%
8 6 CSFB / Credit Suisse Group 3.79%
9 12 RBS 3.51%
10 11 Merrill Lynch 3.49%
11 10 ABN Amro 3.19%
12 15 Dresdner Kleinwort Wasserstein 2.92%
13 8 Morgan Stanley 2.92%
14 18 Lehman Brothers 2.09%
15 14 Bank of America 2.09%
16 16 State Street Bank & Trust 1.86%
17 17 Royal Bank of Canada 1.49%
18 13 BNP Paribas 1.43%
19 19 SEB 1.22%
20 23 Soci? G?rale 1.16%
21 – Calyon 1.13%
22 41 Danske Bank 0.82%
23 39 National Australia Bank 0.78%
24 27 Standard Chartered 0.68%
25 24 Westpac Banking Corporation 0.62%
26 43 Mitsubishi Tokyo Financial Group 0.62%
27 26 Nordea 0.61%
28 22 AIG 0.54%
29 30 HVB Group 0.49%
30 28 Svenska Handelsbanken 0.45%
31 37 Mizuho Financial Group 0.41%
32 21 TD Bank Financial Group 0.41%
33 53 Sumitomo Mitsui Banking Corporation 0.41%
34 48 WestLB 0.39%
35 38 ANZ Banking Group 0.36%
36 35 Fortis Bank 0.35%
37 32 Commerzbank 0.35%
38 46 Bank One 0.33%
39 40 Rabobank 0.33%
40 25 ING Group 0.28%
41 29 Bank of Nova Scotia 0.27%
42 36 Bear Stearns 0.26%
43 34 Julius Baer 0.26%
44 — Saxo Bank 0.26%
45 63 Brown Brothers Harriman 0.24%
46 49 Bank of New York 0.24%
47 50 Commonwealth Bank of Australia 0.23%
48 64 Zurich Cantonalbank 0.21%
49 31 Bank of Montreal 0.19%
50 44 CIBC 0.18%
51 60 UFJ Holdings 0.14%
52 47 Lloyds TSB 0.14%
53 42 Bayerische Landesbank 0.14%
54 59 Raiffeisen Zentralbank (RZB) 0.11%
55 — Erste Bank 0.11%
56 78 American Express 0.10%
57 58 Allied Irish Banks 0.09%
58 56 BBVA 0.09%
59 80 BCV Group 0.09%
60 79 Wachovia Bank 0.09%
61 57 Mellon Financial Corporation 0.09%
62 — Norinchukin Bank 0.08%
63 71 LB Hessen-Thuringen Girozentrale (Helaba) 0.08%
64 — HotspotFXi 0.08%
65 62 Santander Group 0.08%
66 — Prudential Securities 0.07%
67 54 Den norske Bank 0.07%
68 66 FleetBoston Financial Corporation 0.07%
69 85 Standard Bank 0.07%
70 — Banca del Gottardo 0.07%
71 75 Nomura Holdings 0.06%
72 74 DBS Bank 0.06%
73 67 Dexia BIL 0.06%
74 45 KBC Bank 0.06%
75 — OCBC Bank 0.05%
76 — ForeningsSparbanken (Swedbank). 0.04%
77 — Anglo Irish 0.04%
78 — National Bank of New Zealand 0.04%
79 76 WGZ-Bank 0.03%
80 73 Northern Trust 0.03%
81 — Basler Kantonalbank 0.03%
82 70 Gruppo Intesa 0.03%
83 — IFX Direct 0.03%
84 69 Natexis Banques Populaires 0.03%
85 77 Bank of Ireland 0.03%
86 — OANDA 0.02%
87 — Cr?t Mutuel-CIC 0.02%
88 — Koram Bank 0.02%
89 — Banca Nazionale del Lavoro (BNL) 0.02%
90 82 Macquarie Bank 0.02%
91 — Landesbank Baden-W?berg 0.02%
92 84 Risona Bank 0.02%
93 — Corner Bank 0.02%
94 — State Bank of India 0.02%
95 — HDFC 0.02%
96 86 Bank Leu 0.01%
97 — Sampo Bank 0.01%
98 68 DZ Bank 0.01%
99 — Banca della Svizzera Italiana (BSI) 0.01%
100 65 CDC Ixis 0.01%
 
CORPORATES
2004 2003 Corporates % of total
1 1 Citigroup 13.06%
2 2 Deutsche Bank 9.48%
3 4 UBS 7.16%
4 5 HSBC 6.93%
5 15 Barclays Capital 5.96%
6 7 JPMorgan 5.03%
7 3 ABN Amro 4.78%
8 6 Goldman Sachs 4.74%
9 9 Bank of America 3.87%
10 10 BNP Paribas 3.28%
11 8 SEB 3.27%
12 11 RBS 3.00%
13 21 Lehman Brothers 1.86%
14 20 Dresdner Kleinwort Wasserstein 1.74%
15 13 Nordea 1.71%
16 12 CSFB / Credit Suisse Group 1.62%
17 14 Société Générale 1.38%
18 22 Svenska Handelsbanken 1.37%
19 34 Morgan Stanley 1.33%
20 18 Merrill Lynch 1.23%
21 41 Mitsubishi Tokyo Financial Group 1.21%
22 * Calyon 1.13%
23 16 Royal Bank of Canada 1.12%
24 32 HVB Group 0.94%
25 46 Bank One 0.67%
26 17 ING Group 0.63%
27 44 Sumitomo Mitsui Banking Corporation 0.63%
28 23 Standard Chartered 0.63%
29 27 ANZ Banking Group 0.58%
30 47 Mizuho Financial Group 0.54%
31 38 AIG 0.48%
32 26 Westpac Banking Corporation 0.47%
33 39 Danske Bank 0.47%
34 25 Commerzbank 0.45%
35 31 Rabobank 0.41%
36 30 TD Bank Financial Group 0.39%
37 48 WestLB 0.38%
38 24 Bank of Nova Scotia 0.38%
39 35 BBVA 0.35%
40 28 Bayerische Landesbank 0.34%
41 58 Commonwealth Bank of Australia 0.32%
42 50 Lloyds TSB 0.29%
43 51 UFJ Holdings 0.28%
44 53 FleetBoston Financial Corporation 0.27%
45 49 Santander Group 0.26%
46 36 Fortis Bank 0.25%
47 42 National Australia Bank 0.25%
48 57 Mellon Financial Corporation 0.24%
49 83 American Express 0.22%
50 54 KBC Bank 0.21%
51 37 CIBC 0.19%
52 64 State Street Bank & Trust 0.16%
53 55 Gruppo Intesa 0.13%
54 43 Bank of Montreal 0.10%
55 — ForeningsSparbanken (Swedbank). 0.09%
56 — Banca Nazionale del Lavoro (BNL) 0.08%
57 — State Bank of India 0.07%
58 61 Bank of New York 0.07%
59 — HDFC 0.07%
60 — Sampo Bank 0.06%
61 40 Den norske Bank 0.06%
62 65 Bank of Ireland 0.06%
63 60 Wachovia Bank 0.06%
64 56 Natexis Banques Populaires 0.06%
65 — Landesbank Baden-W?berg 0.05%
66 — Macquarie Bank 0.05%
67 — Suntrust Bank 0.05%
68 63 Allied Irish Banks 0.05%
69 — Cr?t Mutuel-CIC 0.04%
70 71 DZ Bank 0.04%
71 — OCBC Bank 0.04%
72 — Koram Bank 0.04%
73 — Unicredit Banca 0.04%
74 — EFG Eurobank 0.04%
75 76 Zurich Cantonalbank 0.03%
76 — Bear Stearns 0.03%
77 73 DBS Bank 0.03%
78 — Key Bank 0.03%
79 — CDC March? 0.03%
80 — ChinaTrust Commercial Bank 0.03%
81 — Banco do Brasil SA 0.03%
82 — Travelex 0.03%
83 66 WGZ-Bank 0.03%
84 — Banco Bradesco 0.02%
85 — Nomura Holdings 0.02%
86 68 LB Hessen-Thuringen Girozentrale (Helaba) 0.02%
87 77 Wells Fargo 0.02%
88 — Hana Bank 0.02%
89 — Caixa Catalunya 0.02%
90 — Basler Kantonalbank 0.02%
91 — Fifth Third Bank 0.01%
92 — Anglo Irish 0.01%
93 — Bank of the Philippine Islands 0.01%
94 — Chuo Mitsui Trust & Banking 0.01%
95 — Banco de Chile 0.01%
96 — Caja Madrid 0.01%
97 — PNC 0.01%
98 — Banca della Svizzera Italiana (BSI) 0.01%
99 — Nykredit 0.01%
100 — Saxo Bank 0.01%
INSTITUTIONAL INVESTORS (Ex BANKS)
2004 2003 Institutional Investors (Ex Banks) % of total
1 3 Deutsche Bank 11.99%
2 1 UBS 11.32%
3 2 Citigroup 9.84%
4 4 JPMorgan 6.83%
5 6 CSFB / Credit Suisse Group 5.63%
6 10 HSBC 5.38%
7 5 Goldman Sachs 5.22%
8 7 Morgan Stanley 4.72%
9 9 Merrill Lynch 4.24%
10 8 Barclays Capital 4.15%
11 11 State Street Bank & Trust 3.42%
12 14 ABN Amro 3.33%
13 13 RBS 2.54%
14 12 Lehman Brothers 2.30%
15 16 Bank of America 2.04%
16 21 Dresdner Kleinwort Wasserstein 1.83%
17 15 Royal Bank of Canada 1.75%
18 29 National Australia Bank 1.34%
19 * Calyon 0.99%
20 22 Westpac Banking Corporation 0.96%
21 20 AIG 0.81%
22 19 BNP Paribas 0.75%
23 18 SEB 0.65%
24 48 WestLB 0.57%
25 35 Standard Chartered 0.50%
26 27 Soci? G?rale 0.49%
27 25 Bear Stearns 0.44%
28 — Saxo Bank 0.36%
29 23 TD Bank Financial Group 0.34%
30 24 Julius Baer 0.34%
31 26 Svenska Handelsbanken 0.27%
32 53 Sumitomo Mitsui Banking Corporation 0.27%
33 46 ANZ Banking Group 0.27%
34 40 Commonwealth Bank of Australia 0.22%
35 36 Bank of New York 0.22%
36 33 Nordea 0.21%
37 30 Bank of Nova Scotia 0.19%
38 38 Mitsubishi Tokyo Financial Group 0.19%
39 28 Mizuho Financial Group 0.19%
40 — HotspotFXi 0.16%
41 49 Bank One 0.16%
42 — Prudential Securities 0.14%
43 31 Rabobank 0.14%
44 54 Brown Brothers Harriman 0.14%
45 51 Danske Bank 0.14%
46 69 Standard Bank 0.12%
47 45 Commerzbank 0.12%
48 50 Fortis Bank 0.11%
49 32 ING Group 0.11%
50 34 Bank of Montreal 0.10%
BANKS
2004 2003 Banks % of total
1 1 UBS 19.09%
2 3 Deutsche Bank 15.01%
3 6 RBS 5.95%
4 2 Citigroup 5.94%
5 5 Dresdner Kleinwort Wasserstein 5.70%
6 4 JPMorgan 4.62%
7 7 Merrill Lynch 3.76%
8 17 Goldman Sachs 3.14%
9 12 Barclays Capital 2.65%
10 22 Danske Bank 2.39%
11 14 HSBC 2.13%
12 42 Lehman Brothers 2.05%
13 18 Soci? G?rale 1.91%
14 11 ABN Amro 1.83%
15 8 CSFB / Credit Suisse Group 1.31%
16 * Calyon 1.31%
17 19 Standard Chartered 1.27%
18 10 BNP Paribas 1.25%
19 15 Morgan Stanley 1.00%
20 36 Mitsubishi Tokyo Financial Group 0.96%
21 25 Royal Bank of Canada 0.95%
22 9 Bank of America 0.94%
23 16 HVB Group 0.92%
24 21 Fortis Bank 0.88%
25 24 Commerzbank 0.84%
26 49 Mizuho Financial Group 0.77%
27 23 SEB 0.75%
28 39 Zurich Cantonalbank 0.63%
29 50 Brown Brothers Harriman 0.63%
30 41 Sumitomo Mitsui Banking Corporation 0.53%
31 44 Nordea 0.52%
32 78 Rabobank 0.50%
33 28 Bank One 0.46%
34 34 Bank of New York 0.43%
35 33 ANZ Banking Group 0.41%
36 35 Raiffeisen Zentralbank (RZB) 0.40%
37 — Erste Bank 0.38%
38 20 ING Group 0.35%
39 74 BCV Group 0.33%
40 46 Julius Baer 0.33%
41 81 Wachovia Bank 0.28%
42 51 LB Hessen-Thuringen Girozentrale (Helaba) 0.26%
43 30 Bank of Nova Scotia 0.26%
44 31 Bayerische Landesbank 0.24%
45 55 UFJ Holdings 0.22%
46 — Norinchukin Bank 0.21%
47 63 Commonwealth Bank of Australia 0.20%
48 75 Westpac Banking Corporation 0.17%
49 61 National Australia Bank 0.17%
50 47 Lloyds TSB 0.16%
HEDGE FUNDS
2004 2003 Hedge Funds % of total
1 1 Deutsche Bank 16.42%
2 2 UBS 11.70%
3 7 CSFB / Credit Suisse Group 8.68%
4 3 Citigroup 8.26%
5 6 JPMorgan 7.33%
6 5 Goldman Sachs 5.52%
7 9 HSBC 5.48%
8 4 Morgan Stanley 4.24%
9 10 Merrill Lynch 3.82%
10 14 ABN Amro 3.62%
11 8 Lehman Brothers 3.37%
12 11 Barclays Capital 3.36%
13 15 Bank of America 2.48%
14 34 National Australia Bank 2.12%
15 13 RBS 1.58%
16 16 AIG 1.51%
17 19 Dresdner Kleinwort Wasserstein 1.50%
18 17 Royal Bank of Canada 1.31%
19 21 State Street Bank & Trust 1.24%
20 — WestLB 1.16%
21 23 Standard Chartered 0.75%
22 12 SEB 0.67%
23 27 BNP Paribas 0.60%
24 18 Bear Stearns 0.56%
25 22 Soci? G?rale 0.43%
26 — HotspotFXi 0.37%
27 28 Westpac Banking Corporation 0.29%
28 — Allied Irish Banks 0.19%
29 — Svenska Handelsbanken 0.19%
30 24 ING Group 0.17%
31 29 Julius Baer 0.15%
32 — DBS Bank 0.15%
33 32 ANZ Banking Group 0.13%
34 — IFX Direct 0.13%
35 — Saxo Bank 0.12%
36 35 Commonwealth Bank of Australia 0.09%
37 39 Santander Group 0.08%
38 20 TD Bank Financial Group 0.06%
39 — Mitsubishi Tokyo Financial Group 0.03%
40 25 Calyon 0.03%
41 — HVB Group 0.02%
42 — Nomura Holdings 0.01%
43 — Mellon Financial Corporation 0.01%
44 — FleetBoston Financial Corporation 0.01%
45 — Erste Bank 0.01%
46 30 Bank of Montreal 0.01%
47 38 Commerzbank 0.01%
48 — Wachovia Bank 0.00%
49 33 Bank of New York 0.00%
50 — DZ Bank 0.00%
51 — OANDA 0.00%
52 — Bumiputra-Commerce Bank Berhard (BCBB) 0.00%
53 — Sampo Bank 0.00%
54 — Danske Bank 0.00%
55 37 Nordea 0.00%
56 — Key Bank 0.00%
57 — RHB Capital 0.00%
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