2008 FX poll: You’ve got to be in it to win it

THERE HAVE BEEN some significant winners and losers in this year’s Euromoney foreign exchange poll.

2008 FX poll results       
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Overall Market Share 2008


 2008  2007  Bank  Market share
 1  1 Deutsche Bank  21.70%
 2  2 UBS  15.80%
 3  5 Barclays Capital  9.12%
 4  3 Citi  7.49%
5 4 RBS 7.30%
 6 9 JPMorgan 4.19%
 7 7 HSBC 4.10%
 8 11 Lehman Brothers 3.58%
 9 8 Goldman Sachs 3.47%
10 10 Morgan Stanley 2.56%
11 6 Bank of America 2.23%
12 18 Dresdner 1.63%
13 15 BNP Paribas 1.62%
14 17 Credit Suisse 1.51%
15 13 Merrill Lynch 1.24%
16 12 ABN Amro 1.21%
17 14 Calyon 1.04%
18 20 Société Générale 0.89%
19 19 Royal Bank of Canada 0.72%
20 21 SEB 0.62%
Source: Euromoney

Deutsche Bank has further consolidated its position as the top dog of the foreign exchange market, increasing its overall share to 21.7% from 19.3% in 2007. Not surprisingly, Deutsche’s global head of FX, Zar Amrolia, waxes lyrical about the bank’s further success. “We won for the first time in 2000 and that was probably a goal in its own right.

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