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Foreign Exchange

FX Poll 2006 Results

Annual Euromoney survey demonstrates soaring trading volumes in FX market.

View the 2007 FX poll results now

Euromoney
reveals the results of its global foreign exchange survey, which shows Deutsche Bank extending its lead over its rivals in terms of overall market share.


The full results, plus a complete methodology, are available online now to subscribers only at
Euromoney FX Poll 2006.

View the results

Best Local Banks

Who's best where? Japan
Methodology (Free to access)

Deutsche Bank accounts for an astonishing 19.26% share of the global FX market, according to over 6,322 institutions that took part in this year’s survey. Total turnover accounted for by the survey was over $85 trillion.

Deutsche Bank increased its market share by 2.54 percentage points compared to the 2005 survey. UBS remains in second place, with a share of 11.86% -- down more than half a percentage point on 2005, despite more than doubling its volume from $4.9 trillion to almost $10 trillion.

Citigroup remained in third place overall, but was the most improved bank overall by market share, rising 2.89 percentage points to 10.39%. Citi was also the highest ranking bank overall for the quality of its FX research.

Other notable moves saw Royal Bank of Scotland break into the top five overall with a market of 6.43%, from 11th place last year; and Bank of America as the highest climber among the top 20 ranked banks overall, moving to 8th place from 16th last year.

The growing importance of leveraged funds in the FX market is demonstrating by the dramatic rise in the number of such funds participating, from 371 to 607 in absolute numbers, and from $13 trillion to $31 trillion by total turnover. Deutsche Bank has more than twice the market share of the second-placed firm in leveraged funds, Barclays Capital.

 - Which banks have boosted their market share... and how?

 - Whose e-commerce investment is paying off?

 - Which firms are considered the best in research and analytics?

 - Which banks have the greatest market share with client groups such as corporates, institutions, banks and hedge funds?

Find out now. Plus - read our analysis, with comments from some of the most senior foreign exchange bankers in the world. Discover how the top banks in the industry are adapting to new challenges and opportunities in this rapidly evolving market.

The full results, plus a complete methodology, are available online now to subscribers only at Euromoney FX Poll 2006.

If you are a subscriber and wish to access the full results of the 2006 Foreign Exhange survey,  please click here.

If not, subscribe to Euromoney magazine and access the full results of the 2006 FX survey, and choose to be notified as soon as the new FX survey results are live.

Here is a snapshot example of the 2006 results database, searchable by rank, entity, score, previous rank, and displaying results across a broad range of categories:




For more information about the poll, contact Andrew Newby, head of Euromoney research, at +44 7779 8694 or by email at anewby@euromoney.com


About Euromoney’s annual FX survey:

Now in its 28th year, the Euromoney FX survey is the pre-eminent poll of foreign exchange service providers. 6,322 institutions took part in this year’s survey. Treasurers, senior executives and research analysts worldwide rate the banks they use to conduct their currency transactions in terms of both transaction volumes and quality of service.

Categories include, but are not limited to:

Market share

 Overall

 By institution type

 Non-financial corporations

 Real money

 Banks

 Leveraged funds

 By size of account

  Over $250bn

  $100bn to $250bn

  $25bn to $100bn

  $10bn to $25bn

  $5bn to $10bn

  Less than $5bn

 By region: Western Europe; North America; Asia; Middle East; Central and Eastern Europe; Latin America; Caribbean; Australasia; Africa

E-trading market share

  Proprietary platforms

  Multi-bank and independent platforms

  Most impressive approach

Who's best where? London; New York; Tokyo; Hong Kong; Singapore; Frankfurt; Paris; Sydney; Toronto

FX services

  Accountancy for derivatives

  Overall back office

  Treasury outsourcing

  FX prime brokerage

  Tax and legal

  Structured FX-linked products

  Strategic risk management

Research

  Economic fundamentals

  Technical

  Quantitative

  Short-term research (<3 months)

  Long-term research (>3 months)

  Options and volatility

  Flow research

  Risk advisory and hedging

  Tailor-made research

Forwards
  Major (G20) currencies

  Emerging market currencies

   One year or less

   Over one year

Options

  Vanilla options

  Trading strategy and new ideas

  Consistent pricing

  Exotic options

  Trading strategy and new ideas

  Consistent pricing

  Structured FX option solutions

  Most innovative hedging strategies

  Best FX-linked products

Top ranked Japanese banks

Best for currencies: €/$; €/¥; €/£; $/¥; $/£

  Australian dollar; Brazilian real; Canadian dollar; Chilean peso; Chinese yuan; Czech koruna; Danish krone; Hong Kong dollar; Hungarian forint; Icelandic króna; Indian rupee; Indonesian rupiah; Israeli shekel; Korean won; Mexican peso; New Zealand dollar; Norwegian krone; Philippine peso; Polish zloty; Russian rouble; Saudi riyal; Singapore dollar; South African rand; Swedish krona; Swiss franc; Taiwan (new) dollar; Thai baht; Turkish lira; UAE dirham

Single-bank online platforms

 As rated 'very good' or 'excellent' by customers

  Speed of execution

  Quality of pricing

  Post-trade services

  Research and analytics

  Prime brokerage

  Options services

Multi-bank online platforms

 As rated 'very good' or 'excellent' by customers

  Speed of execution

  STP

 The full results, plus a complete methodology, are available online now to subscribers only at Euromoney FX Poll 2006.

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