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| © 2019 Euromoney |
| Download press release (PDF) |
| Results Index |
| More data |
Among the key findings:
JPMorgan retains the top ranking
The overall unadjusted volume is $121.1 trillion – the highest volume recorded since 2015
Among the top 10, only one firm keeps its 2018 position
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Deutsche Bank jumps from 8th to 2nd place
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Bank of America Merrill Lynch drops from 4th to 9th place
The top 5 maintain a global market share of 40%
Detailed information:
Top 10 overall market share:
| Global Market Share | |||
| Overall Volume (Adjusted SWAPS*) | |||
| Rank 2019 | Rank 2018 | Counterparty | Market share 2019 |
| 1 | 1 | JPMorgan | 9.81% |
| 2 | 8 | Deutsche Bank | 8.41% |
| 3 | 5 | Citi | 7.87% |
| 4 | 3 | XTX Markets | 7.22% |
| 5 | 2 | UBS | 6.63% |
| 6 | 10 | State Street | 5.50% |
| 7 | 13 | HCTech | 5.28% |
| 8 | 6 | HSBC | 4.93% |
| 9 | 4 | Bank of America Merrill Lynch | 4.63% |
| 10 | 7 | Goldman Sachs | 4.50% |
About the FX Survey
The Euromoney Foreign Exchange Survey is the most comprehensive quantitative and qualitative annual study available on the FX markets. The 2019 Euromoney FX Survey was the 41st annual survey of liquidity consumption within the global FX markets conducted by Euromoney. In 2019, Euromoney received 1,966 valid responses from consumers of FX liquidity representing total FX consumption of $121.1 trillion in the calendar year 2018. Total response excluding short-dated swaps was 1,951, representing total FX consumption of $91.69 trillion*.
Only subscribers have full access to the results. If you are not yet a subscriber, but wish to access the results from the day of release, subscribe online now or call our subscription hotline on +44 207 779 8999.
FX Survey contacts
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For questions related to the survey: Vivian Grossi, Survey Engagement Manager, Euromoney Data +44 (0) 207 779 8366 |
To access the detailed rankings/analysis: Mark Lilley, Publisher, Euromoney Data +34 915 946 046
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* The 2019 rankings are based on swaps-adjusted volumes that exclude volumes from short-dated swaps. For more information, please see the survey methodology.
