FX survey 2014: Bank of America Merill Lynch
For the first time since the merger of Bank of America and Merrill Lynch in 2008, the firm is starting to make serious inroads into the Euromoney FX survey. This year it jumps from 10th to seventh place in the overall rankings, with a market share of 4.38%. But this is not a short-term improvement; over the past three years BofA Merrill’s market share has increased by 1.43 percentage points, and its volumes by almost 90%. And its ambitions are far from sated.
Kevin Connors, global head of FX sales at BofA Merrill, says: “We want to be a global resource for our clients. In the FX markets, that means being their eyes and ears, 24 hours a day. In doing so, we provide a combination of thoughtful global information and best execution to our clients.