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FX poll 2009 press release: Embattled banks boosted by performance in booming FX markets

Deutsche Bank retains top position for fifth consecutive year; Highest-ever turnover and client activity recorded in Euromoney’s industry benchmark survey.

Deutsche Bank has retained its position at the summit of the global foreign exchange (FX) industry by winning Euromoney’s benchmark poll. The results were announced at a dinner held in London on Wednesday night, attended by over 300 key players in the FX market.

Deutsche wins for the fifth consecutive year. The bank’s position remains dominant, with a market share of global FX business more than five percentage points higher than UBS, which retains its second position. However Deutsche’s market share fell slightly, to 20.96%, down from its record share of 21.7% in 2008. 

The top 20 banks overall in the global rankings:
Market Share
2009 2008 Bank Market Share
1 1 Deutsche Bank 20.96%
2 2 UBS 14.58%
3 3 Barclays Capital 10.45%
4 5 RBS 8.19%
5 4 Citi 7.32%
6 6 J.P. Morgan 5.43%
7 7 HSBC 4.09%
8 9 Goldman Sachs 3.35%

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