Foreign exchange – Market share by size

Euromoney FX poll 2005 The big get bigger – but is it for the best? Overall Market share Market share by institution type Multi-bank online platforms Single-bank online platforms Best for currencies Forwards Research Advisory services Who’s best where? E-trading market share Market share by region Market share by size $100bn to $1trn 2005 2004 […]

Euromoney FX poll 2005
The big get bigger – but is it for the best?
Overall Market share Market share by institution type
Multi-bank online platforms Single-bank online platforms
Best for currencies Forwards
Research Advisory services
Who’s best where? E-trading market share
Market share by region Market share by size
$100bn to $1trn
2005 2004 Bank MarketShare Market share increase
1 1 Deutsche Bank 19.75% 3.55%
2 2 UBS 11.61% 0.78%
3 3 Citigroup 7.33% -3.17%
4 7 HSBC 6.64% 1.09%
5 8 Barclays 6.41% 2.11%
6 4 JPMorgan Chase 5.38% -1.62%
7 12 ABN Amro 4.57% 1.98%
8 16 Merrill Lynch 4.45% 2.91%
9 6 Goldman Sachs 4.38% -1.41%
10 10 Morgan Stanley 4.20% 1.06%
11 9 RBS 3.56% -0.36%
12 13 Lehman Brothers 3.38% 0.89%
13 5 CSFB / Credit Suisse Group 2.57% -3.80%
14 17 Royal Bank of Canada 2.47% 0.95%
15 15 Dresdner Kleinwort Wasserstein 2.26% 0.50%
16 22 Calyon 1.66% 0.81%
17 11 State Street 1.65% -1.08%
18 14 Bank of America 1.44% -0.61%
19 46 Mizuho Financial Group 0.74% 0.68%
20 19 Société Générale 0.71% -0.43%
$25bn to $1trn
2005 2004 Bank MarketShare Market share increase
1 1 Deutsche Bank 16.63% 3.33%
2 2 UBS 12.53% 0.29%
3 3 Citigroup 7.02% -2.26%
4 10 Merrill Lynch 6.74% 3.22%
5 5 HSBC 6.41% 1.69%
6 8 Barclays 6.39% 2.23%
7 4 JPMorgan Chase 5.24% -0.81%
8 6 Goldman Sachs 4.41% -0.28%
9 11 Morgan Stanley 4.37% 1.31%
10 12 ABN Amro 4.13% 1.09%
11 9 RBS 3.64% -0.16%
12 14 Lehman Brothers 2.77% 0.28%
13 7 CSFB / Credit Suisse Group 2.68% -1.73%
14 13 Dresdner Kleinwort Wasserstein 2.27% -0.67%
15 17 Royal Bank of Canada 1.88% 0.44%
16 16 Bank of America 1.49% -0.52%
17 15 State Street 1.48% -0.59%
18 21 Calyon 1.24% 0.21%
19 20 BNP Paribas 0.91% -0.20%
20 19 Société Générale 0.78% -0.42%
$25bn to $100bn
2005 2004 Bank MarketShare Market share increase
1 1 UBS 14.09% 0.52%
2 2 Deutsche Bank 11.39% 0.83%
3 4 Merrill Lynch 10.59% 5.20%
4 3 Citigroup 6.49% -1.64%
5 7 Barclays 6.37% 2.35%
6 8 HSBC 6.01% 2.08%
7 5 JPMorgan Chase 5.00% -0.15%
8 12 Morgan Stanley 4.65% 1.66%
9 10 Goldman Sachs 4.47% 0.81%
10 9 RBS 3.77% 0.08%
11 11 ABN Amro 3.38% -0.09%
12 13 CSFB / Credit Suisse Group 2.86% 0.30%
13 6 Dresdner Kleinwort Wasserstein 2.29% -1.76%
14 14 Lehman Brothers 1.74% -0.75%
15 17 BNP Paribas 1.60% 0.03%
16 15 Bank of America 1.58% -0.39%
17 18 State Street 1.19% -0.25%
18 19 Royal Bank of Canada 0.90% -0.47%
19 16 SEB 0.90% -0.72%
20 20 Société Générale 0.88% -0.37%
$10bn to $25bn
2005 2004 Bank MarketShare Market share increase
1 1 UBS 15.05% 3.12%
2 2 Deutsche Bank 13.85% 3.64%
3 3 Citigroup 8.50% -0.34%
4 6 Goldman Sachs 5.31% 0.59%
5 5 JPMorgan Chase 4.88% -0.33%
6 10 RBS 4.53% 1.33%
7 4 HSBC 4.13% -1.59%
8 11 Dresdner Kleinwort Wasserstein 3.58% 0.88%
9 9 ABN Amro 3.31% -0.55%
10 8 Barclays 3.05% -1.47%
11 14 Morgan Stanley 2.94% 0.90%
12 12 Bank of America 2.50% 0.30%
13 7 Merrill Lynch 2.48% -2.06%
14 29 Lehman Brothers 2.08% 1.39%
15 15 BNP Paribas 1.95% 0.16%
16 16 Royal Bank of Canada 1.63% 0.00%
17 13 CSFB / Credit Suisse Group 1.13% -0.96%
18 25 Standard Chartered 1.03% 0.19%
19 24 Mitsubishi Tokyo Financial Group 0.93% 0.04%
20 23 SEB 0.92% 0.00%
$5bn to $10bn
2005 2004 Bank MarketShare Market share increase
1 1 UBS 13.77% -1.70%
2 2 Deutsche Bank 9.83% 0.97%
3 5 HSBC 8.36% 4.65%
4 3 Citigroup 7.45% -1.15%
5 4 JPMorgan Chase 6.53% 1.06%
6 6 Goldman Sachs 4.89% 1.30%
7 14 RBS 4.48% 2.17%
8 7 Barclays 4.10% 0.59%
9 8 ABN Amro 3.85% 0.35%
10 13 Merrill Lynch 3.32% 0.96%
11 10 Morgan Stanley 2.15% -0.54%
12 9 Dresdner Kleinwort Wasserstein 2.08% -0.77%
13 15 CSFB / Credit Suisse Group 1.98% -0.33%
14 11 BNP Paribas 1.75% -0.70%
15 12 Bank of America 1.65% -0.77%
16 — Calyon 1.34% —
17 20 Société Générale 1.21% -0.13%
18 19 Royal Bank of Canada 1.18% -0.30%
19 34 Nordea 1.16% 0.53%
20 30 Danske Bank 1.16% 0.45%
Less than $5bn
2005 2004 Bank MarketShare Market share increase
1 2 UBS 12.18% 0.29%
2 3 Deutsche Bank 10.49% 3.90%
3 1 Citigroup 9.75% -2.44%
4 4 HSBC 8.29% 2.09%
5 5 JPMorgan Chase 5.12% 0.91%
6 8 Goldman Sachs 4.23% 0.93%
7 10 ABN Amro 3.72% 0.53%
8 11 Barclays 3.47% 0.68%
9 9 Dresdner Kleinwort Wasserstein 2.98% -0.32%
10 13 RBS 2.80% 0.86%
11 6 Morgan Stanley 2.71% -0.71%
12 12 Bank of America 2.20% -0.23%
13 7 BNP Paribas 2.07% -1.29%
14 14 Merrill Lynch 1.89% -0.01%
15 16 CSFB / Credit Suisse Group 1.80% 0.10%
16 15 Royal Bank of Canada 1.44% -0.29%
17 20 Standard Chartered 1.24% 0.13%
18 — Calyon 1.21% —
19 29 Fortis Bank 1.17% 0.47%
20 25 Société Générale 1.11% 0.25%