Foreign exchange – Market share by institution

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 Non-financial corporation 2005 2004 Bank […]

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
Non-financial corporation
2005 2004 Bank MarketShare Market share increase
1 1 Citigroup 11.15% -1.91%
2 2 Deutsche Bank 10.89% 1.41%
3 3 UBS 8.41% 1.25%
4 4 HSBC 8.30% 1.37%
5 20 Merrill Lynch 5.03% 3.80%
6 12 RBS 4.70% 1.70%
7 6 JPMorgan Chase 4.28% -0.75%
8 7 ABN Amro 4.19% -0.59%
9 5 Barclays 3.70% -2.26%
10 10 BNP Paribas 3.21% -0.07%
11 9 Bank of America 3.09% -0.78%
12 8 Goldman Sachs 2.82% -1.92%
13 16 CSFB / Credit Suisse Group 2.38% 0.76%
14 11 SEB 1.87% -1.40%
15 19 Morgan Stanley 1.73% 0.40%
16 17 Société Générale 1.57% 0.19%
17 15 Nordea 1.53% -0.18%
18 14 Dresdner Kleinwort Wasserstein 1.48% -0.26%
19 18 Svenska Handelsbanken 1.30% -0.07%
20 13 Lehman Brothers 1.25% -0.61%
21 23 Royal Bank of Canada 1.03% -0.09%
22 24 HVB Group 1.02% 0.08%
23 26 ING Group 0.97% 0.34%
24 28 Standard Chartered 0.91% 0.28%
25 21 Mitsubishi Tokyo Financial Group 0.88% -0.33%
26 22 Calyon 0.80% -0.33%
27 38 Bank of Nova Scotia 0.77% 0.39%
28 33 Danske Bank 0.72% 0.25%
29 36 TD Bank Financial Group 0.66% 0.27%
30 42 Lloyds TSB 0.65% 0.36%
Real money
2005 2004 Bank MarketShare Market share increase
1 2 UBS 11.60% 0.76%
2 3 Deutsche Bank 11.41% 2.87%
3 1 Citigroup 10.97% -0.05%
4 9 HSBC 6.69% 2.21%
5 7 Barclays 5.85% 0.87%
6 6 Goldman Sachs 5.41% -0.44%
7 8 Morgan Stanley 5.26% 0.59%
8 4 JPMorgan Chase 4.82% -2.57%
9 13 ABN Amro 4.47% 1.49%
10 5 State Street 3.72% -2.22%
11 16 Royal Bank of Canada 3.50% 1.79%
12 — Calyon 2.77% —
13 12 RBS 2.72% -0.73%
14 18 Lehman Brothers 2.53% 1.06%
15 10 CSFB / Credit Suisse Group 2.52% -1.30%
16 11 Merrill Lynch 2.44% -1.33%
17 15 Bank of America 1.88% 0.14%
18 14 Dresdner Kleinwort Wasserstein 1.10% -1.04%
19 19 BNP Paribas 0.86% -0.07%
20 24 SEB 0.79% 0.24%
21 17 Westpac Banking Corporation 0.63% -0.95%
22 41 Standard Bank 0.60% 0.36%
23 60 UFJ Holdings 0.55% 0.47%
24 35 Standard Chartered 0.50% 0.18%
25 30 Svenska Handelsbanken 0.49% 0.13%
26 33 Mitsubishi Tokyo Financial Group 0.47% 0.13%
27 56 Northern Trust 0.38% 0.25%
28 43 Société Générale 0.31% 0.09%
29 108= KBC Bank 0.28% 0.28%
30 48 Bank of Montreal 0.28% 0.11%
Banks
2005 2004 Bank MarketShare Market share increase
1 2 Deutsche Bank 22.85% 7.84%
2 1 UBS 20.64% 1.55%
3 11 HSBC 6.96% 4.83%
4 3 RBS 5.63% -0.32%
5 9 Barclays 4.80% 2.15%
6 7 Merrill Lynch 4.64% 0.88%
7 4 Citigroup 4.58% -1.36%
8 6 JPMorgan Chase 4.31% -0.31%
9 5 Dresdner Kleinwort Wasserstein 4.13% -1.57%
10 8 Goldman Sachs 2.75% -0.39%
11 14 ABN Amro 2.21% 0.38%
12 15 CSFB / Credit Suisse Group 1.42% 0.11%
13 13 Société Générale 1.31% -0.60%
14 12 Lehman Brothers 1.24% -0.81%
15 22 Bank of America 1.18% 0.24%
16 21 Royal Bank of Canada 1.09% 0.14%
17 28 Zurich Cantonalbank 0.99% 0.36%
18 18 BNP Paribas 0.80% -0.45%
19 20 Mitsubishi Tokyo Financial Group 0.66% -0.30%
20 10 Danske Bank 0.55% -1.84%
21 24 Fortis Bank 0.52% -0.36%
22 17 Standard Chartered 0.52% -0.75%
23 19 Morgan Stanley 0.47% -0.53%
24 16 Calyon 0.45% -0.86%
25 23 HVB Group 0.39% -0.53%
26 26 Mizuho Financial Group 0.37% -0.40%
27 25 Commerzbank 0.36% -0.48%
28 92 UOB Group 0.31% 0.30%
29 44 Bayerische Landesbank 0.28% 0.04%
30 36 Raiffeisen Zentralbank (RZB) 0.24% -0.16%
Leveraged funds
2005 2004 Bank MarketShare Market share increase
1 1 Deutsche Bank 17.57% 2.00%
2 9 Merrill Lynch 9.31% 4.74%
3 2 UBS 8.57% -2.91%
4 11 Barclays 7.55% 4.45%
5 10 ABN Amro 7.35% 3.70%
6 5 JPMorgan Chase 7.03% 0.39%
7 8 Morgan Stanley 6.20% 1.36%
8 3 Citigroup 5.60% -2.78%
9 6 HSBC 5.50% -0.62%
10 7 Goldman Sachs 4.85% -0.39%
11 12 Lehman Brothers 4.08% 1.00%
12 16 RBS 3.30% 1.82%
13 4 CSFB / Credit Suisse Group 2.88% -4.68%
14 17 Dresdner Kleinwort Wasserstein 1.63% 0.17%
15 — Mizuho Financial Group 1.52% —
16 18 AIG 1.20% -0.25%
17 15 Royal Bank of Canada 0.93% -0.78%
18 13 Bank of America 0.90% -1.54%
19 20 State Street 0.74% -0.33%
20 — Calyon 0.55% —
21 22 SEB 0.51% -0.26%
22 26 BNP Paribas 0.33% -0.19%
23 31 ANZ Banking Group 0.31% 0.13%
24 27 Julius Baer 0.29% -0.07%
25 23 Société Générale 0.27% -0.49%
26 43 Mitsubishi Tokyo Financial Group 0.15% 0.11%
27 24 Bear Stearns 0.14% -0.61%
28 — American Express 0.11% —
29 53 Bank of New York 0.11% 0.11%
30 44 Bank of Montreal 0.10% 0.08%