FX Survey 2020: Overall results

Global – All products (exc. short-dated swaps) – all client segments
Rank 2020	Rank 2019	Counterparty	Market Share % 2020
1	1	JPMorgan	10.78%
2	5	UBS	8.13%
3	4	XTX Markets	7.58%
4	2	Deutsche Bank	7.38%
5	3	Citi	5.50%
6	8	HSBC	5.33%
7	11	Jump Trading	5.23%
8	10	Goldman Sachs	4.62%
9	6	State Street	4.61%
10	9	Bank of America	4.50%
11	14	BNP Paribas	3.46%
12	7	HCTech	3.37%
13	12	Barclays	3.25%
14	16	Morgan Stanley	3.16%
15	17	Bank of New York Mellon	3.13%
16	13	Citadel Securities	3.04%
17	15	Standard Chartered	2.00%
18	20	Credit Suisse	1.82%
19	18	NatWest	1.41%
20	21	Nomura	1.31%
21	22	Commerzbank	1.27%
22	19	Societe Generale	0.80%
23	23	Credit Agricole	0.73%
24	38	Alfa Bank	0.71%
25	24	RBC Capital Markets	0.67%
26	28	TD Securities	0.56%
27	26	MUFG	0.44%
28	31	Virtu Financial	0.39%
29	27	Westpac Banking Corporation	0.38%
30	25	Tower Research Group	0.30%
31	35	Canadian Imperial Bank of Commerce	0.25%
32	29	National Australia Bank	0.25%
33	32	ANZ Banking Group	0.20%
34	43	Bank of Montreal	0.20%
35	33	Sberbank	0.16%
36	178	Geely Financials	0.15%
37	47	Danske Bank	0.13%
38	45	Zürcher Kantonalbank	0.13%
39	40	UniCredit	0.12%
40	178	DGB Financial Group	0.12%
41	56	Mizuho Financial Group	0.11%
42	44	Hudson River Trading	0.11%
43	48	OCBC Bank	0.10%
44	42	Raiffeisenbank International	0.10%
45	34	CCM Alpha	0.10%
46	165	Alpha Bank	0.10%
47	122	Flow Traders	0.09%
48	52	SEB	0.09%
49	61	Nordea	0.09%
50	66	Jefferies	0.09%

Global – All products (inc.