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 |
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| 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% |