FX Survey 2020: Market share by region

Americas APAC CEEMEA Western Europe

 EuromoneyForeignExchange-2020
© 2020 Euromoney
Results Index
Americas – All products  (exc. short-dated swaps) – all client segments
Rank 2020 Rank 2019 Counterparty Market Share % 2020
1 1 HCTech 9.58%
2 2 JPMorgan 9.49%
3 7 UBS 7.56%
4 4 Citadel Securities 7.51%
5 3 Jump Trading 6.61%
6 13 Morgan Stanley 4.81%
7 14 Bank of America 4.80%
8 6 Deutsche Bank 4.79%
9 10 XTX Markets 4.70%
10 5 State Street 4.31%
11 8 Citi 4.30%
12 11 Goldman Sachs 3.98%
13 15 BNP Paribas 3.96%
14 9 HSBC 3.58%
15 12 Barclays 3.29%
16 16 Standard Chartered 2.04%
17 21 Credit Suisse 1.92%
18 19 Bank of New York Mellon 1.56%
19 25 NatWest 1.48%
20 23 TD Securities 1.32%
APAC – All products  (exc. short-dated swaps) – all client segments
Rank 2020 Rank 2019 Counterparty Market Share % 2020
1 3 UBS 11.50%
2 1 JPMorgan 9.88%
3 2 Bank of America 9.44%
4 4 Citi 8.76%
5 5 Deutsche Bank 7.24%
6 7 HSBC 5.71%
7 8 Goldman Sachs 5.55%
8 10 Nomura 5.15%
9 6 XTX Markets 4.99%
10 11 Barclays 4.29%
11 12 State Street 4.22%
12 9 Standard Chartered 2.84%
13 14 MUFG 2.61%
14 17 Credit Suisse 1.99%
15 20 Bank of New York Mellon 1.73%
16 16 Morgan Stanley 1.53%
17 19 NatWest 1.34%
18 15 Commerzbank 1.27%
19 13 BNP Paribas 1.14%
20 93 DGB Financial Group 0.99%
CEEMEA – All products  (exc. short-dated swaps) – all client segments
Rank 2020 Rank 2019 Counterparty Market Share % 2020
1 1 XTX Markets 11.15%
2 2 JPMorgan 9.88%
3 6 Deutsche Bank 8.70%
4 4 UBS 7.22%
5 7 Goldman Sachs 5.81%
6 5 HSBC 5.80%
7 16 Credit Suisse 5.07%
8 8 Commerzbank 4.96%
9 15 Alfa Bank 4.89%
10 14 Barclays 3.57%
11 71 Alpha Bank 3.31%
12 11 Citi 3.19%
13 13 Raiffeisenbank International 3.01%
14 9 Sberbank 3.00%
15 12 Societe Generale 2.75%
16 71 VTB Bank 1.90%
17 25 UniCredit 1.87%
18 10 BNP Paribas 1.86%
19 3 Standard Chartered 1.77%
20 19 Bank of America 1.56%
Western Europe – All products  (exc. short-dated swaps) – all client segments
Rank 2020 Rank 2019 Counterparty Market Share % 2020
1 4 JPMorgan 11.89%
2 2 XTX Markets 9.88%
3 1 Deutsche Bank 9.05%
4 5 UBS 7.79%
5 8 HSBC 6.37%
6 16 Jump Trading 5.82%
7 3 Citi 5.67%
8 6 State Street 5.15%
9 7 Goldman Sachs 4.76%
10 13 Bank of New York Mellon 4.68%
11 11 BNP Paribas 3.75%
12 9 Bank of America 3.32%
13 10 Barclays 2.96%
14 18 Morgan Stanley 2.57%
15 15 Standard Chartered 1.79%
16 19 Credit Suisse 1.53%
17 22 Commerzbank 1.49%
18 12 NatWest 1.37%
19 46 Alfa Bank 1.09%
20 21 Credit Agricole 1.00%