Including breakdown by country; region and institution type; and country and institution type. Published 1 Jan 2008
Deutsche Bank emerges again at the top of the Euromoney FX poll.
The top five banks consolidate a clear lead over the rest of the market.
This year’s poll was the largest ever. A total of 8,337 validated respondents, accounting for $124.5 trillion of annual turnover, voted. This was up from 6,322 votes in 2006, which represented $85 trillion of annual activity.
Deutsche Bank captured a 19.30% market share – almost identical to 2006 – representing just over $24 trillion worth of activity. UBS is still in second place but its market share has risen almost three percentage points to an impressive 14.85%.
Competition for third place was tight. There is almost nothing to choose between Citi in third, RBS in fourth and Barclays Capital, which drops one place to fifth, even though it has increased its market share by 2.19 percentage points.
Just outside the top five, HSBC stands out as a major anomaly in the results. It does exceptionally well in most of the qualitative surveys yet it fails to convert this into market share. In fact HSBC’s market share this year has fallen to 4.36% from 5.04%..
Overall Market Share (112 ranked)
Overall Market Share By Institution type
Overall Market Share By Region
Overall Market Share By Size of Account
E-trading market share
Propriety platforms (61 ranked)
Multi-bank and independent platforms (17 ranked)
Most impressive approach (109 ranked)
Who’s best where?
Americas time zones (87 ranked)
Europe and Africa time zones (99 ranked)
Asia and Middle East time zones (95 ranked)
FX services
Accountancy for derivatives (74 ranked)
Overall back office (87 ranked)
Treasury outsourcing (69 ranked)
FX prime brokerage (27 ranked)
Tax and legal (66 ranked)
Structured FX-linked products (81 ranked)
Strategic risk management (78 ranked)
Research and strategy
Most Innovative and original research (95 ranked)
Short-term research (<3 months) (87 ranked)
Long-term research (>3 months) (85 ranked)
Options and volatility (81 ranked)
Emerging markets research and strategy (81 ranked)
Behavioral and technical analysis (81 ranked)
Tailor-made research (76 ranked)
Flow analysis (76 ranked)
Forwards
Major (G20) currencies (93 ranked)
Emerging market currencies (84 ranked)
One year or less (96 ranked)
Over one year (84 ranked)
Options
Vanilla options
Trading strategy and new ideas (84 ranked)
Consistent pricing (83 ranked)
Exotic options
Trading strategy and new ideas (77 ranked)
Consistent pricing (71 ranked)
Structured FX option solutions
Most innovative hedging strategies (75 ranked)
Best FX-linked products (70 ranked)
Top ranked Japanese banks
Best for currencies: €/$ (94 ranked); €/¥ (85 ranked); €/£ (88 ranked); $/¥ (91 ranked); $/£ (89 ranked)
Asian currencies (86 ranked)
East European currencies (77 ranked)
Latin American currencies (71 ranked)
Middle Eastern currencies (64 ranked)
Nordic and Baltic currencies (74 ranked)
Australian dollar (79 ranked)
Canadian dollar (79 ranked)
Chinese yuan (60 ranked)
Hong Kong dollar (70 ranked)
Mexican peso (62 ranked)
Russian rouble (48 ranked)
South African rand (69 ranked)
Single-bank online platforms
As rated 'very good' or 'excellent' by customers (top 6 in each category)
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 (top 7 in each category)
Speed of execution
STP