FX Survey 2018: Overall results
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Overall Market Share |
2018 |
2017 |
Liquidity Provider |
%Market share |
1 |
2 |
JPMorgan |
12.13% |
2 |
3 |
UBS |
8.25% |
3 |
12 |
XTX Markets |
7.36% |
4 |
4 |
Bank of America Merrill Lynch |
6.20% |
5 |
1 |
Citi |
6.16% |
6 |
6 |
HSBC |
5.58% |
7 |
8 |
Goldman Sachs |
5.53% |
8 |
5 |
Deutsche Bank |
5.41% |
9 |
9 |
Standard Chartered |
4.49% |
10 |
11 |
State Street |
4.37% |
11 |
7 |
Barclays |
4.09% |
12 |
10 |
BNP Paribas |
3.31% |
13 |
- |
HCTech |
3.05% |
14 |
24 |
Jump Trading |
2.38% |
15 |
14 |
Societe Generale |
2.19% |
16 |
15 |
Morgan Stanley |
2.16% |
17 |
19 |
Commerzbank |
1.78% |
18 |
16 |
Credit Suisse |
1.68% |
19 |
13 |
NatWest |
1.48% |
20 |
21 |
Citadel Securities |
1.19% |
21 |
18 |
Credit Agricole |
1.09% |
22 |
17 |
Nomura |
1.08% |
23 |
20 |
RBC Capital Markets |
0.96% |
24 |
27 |
Westpac Banking Corporation |
0.60% |
25 |
25 |
MUFG Bank |
0.57% |
26 |
26 |
SMBC |
0.56% |
27 |
23 |
Alfa Bank |
0.52% |
28 |
32 |
TD Securities |
0.48% |
29 |
35 |
National Australia Bank |
0.47% |
30 |
22 |
ANZ Banking Group |
0.45% |
31 |
45 |
Bank of New York Mellon |
0.41% |
32 |
36 |
Natixis |
0.36% |
33 |
30 |
Saxo Bank |
0.33% |
34 |
41 |
CIBC |
0.23% |
35 |
34 |
ING Group |
0.20% |
36 |
50 |
BBVA |
0.19% |
37 |
39 |
Virtu Financial |
0.19% |
38 |
42 |
SEB |
0.18% |
39 |
55 |
Scotiabank |
0.15% |
40 |
60 |
Landesbank Baden-Wurttemberg (LBBW) |
0.15% |
41 |
40 |
Bank of Montreal |
0.14% |
42 |
48 |
Santander Group |
0.13% |
43 |
- |
CCM Alpha |
0.11% |
44 |
44 |
UniCredit |
0.10% |
45 |
38 |
Commonwealth Bank of Australia |
0.10% |
46 |
46 |
Danske Bank |
0.09% |
47 |
57 |
Lloyds Banking Group |
0.08% |
48 |
43 |
Zurich Cantonalbank |
0.08% |
49 |
54 |
Raiffeisen Bank International |
0.08% |
50 |
28 |
Mizuho Financial Group |
0.08% |
|
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Global Market share by Product |
Spot/Forward |
2018 |
2017 |
Liquidity Provider |
%Market share |
1 |
1 |
JPMorgan |
13.35% |
2 |
4 |
XTX Markets |
9.55% |
3 |
5 |
UBS |
6.89% |
4 |
3 |
Bank of America Merrill Lynch |
6.77% |
5 |
7 |
Goldman Sachs |
6.03% |
6 |
2 |
Citi |
5.84% |
7 |
6 |
Deutsche Bank |
5.56% |
8 |
8 |
HSBC |
5.23% |
9 |
10 |
Standard Chartered |
4.20% |
10 |
- |
HCTech |
3.96% |
11 |
9 |
Barclays |
3.75% |
12 |
11 |
State Street |
3.36% |
13 |
12 |
BNP Paribas |
3.31% |
14 |
20 |
Jump Trading |
3.08% |
15 |
14 |
Morgan Stanley |
2.25% |
16 |
19 |
Commerzbank |
2.16% |
17 |
15 |
Credit Suisse |
1.76% |
18 |
16 |
Citadel Securities |
1.54% |
19 |
13 |
NatWest |
1.54% |
20 |
18 |
Nomura |
1.36% |
|
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Swaps |
2018 |
2017 |
Liquidity Provider |
%Market share |
1 |
3 |
UBS |
12.99% |
2 |
10 |
State Street |
8.06% |
3 |
2 |
JPMorgan |
7.91% |
4 |
1 |
Citi |
7.18% |
5 |
7 |
HSBC |
6.73% |
6 |
13 |
Societe Generale |
5.46% |
7 |
8 |
Standard Chartered |
5.32% |
8 |
6 |
Barclays |
5.30% |
9 |
5 |
Deutsche Bank |
4.79% |
10 |
11 |
Goldman Sachs |
3.78% |
11 |
4 |
Bank of America Merrill Lynch |
3.73% |
12 |
9 |
BNP Paribas |
3.27% |
13 |
15 |
Credit Agricole |
2.65% |
14 |
16 |
RBC Capital Markets |
2.29% |
15 |
36 |
SMBC |
2.05% |
16 |
18 |
Westpac Banking Corporation |
1.90% |
17 |
14 |
Morgan Stanley |
1.77% |
18 |
27 |
National Australia Bank |
1.38% |
19 |
17 |
Credit Suisse |
1.37% |
20 |
12 |
NatWest |
1.28% |
|
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Options |
2018 |
2017 |
Liquidity Provider |
%Market share |
1 |
2 |
Bank of America Merrill Lynch |
19.17% |
2 |
5 |
JPMorgan |
10.57% |
3 |
6 |
Standard Chartered |
9.53% |
4 |
4 |
Citi |
8.56% |
5 |
9 |
UBS |
7.82% |
6 |
11 |
HSBC |
7.40% |
7 |
4 |
Deutsche Bank |
7.29% |
8 |
8 |
Societe Generale |
5.40% |
9 |
1 |
Goldman Sachs |
5.23% |
10 |
10 |
BNP Paribas |
4.29% |
11 |
14 |
Morgan Stanley |
4.01% |
12 |
12 |
Barclays |
3.90% |
13 |
17 |
Credit Suisse |
1.81% |
14 |
7 |
NatWest |
1.51% |
15 |
21 |
Credit Agricole |
0.69% |
16 |
13 |
Nomura |
0.46% |
17 |
19 |
Natixis |
0.36% |
18 |
16 |
MUFG Bank |
0.32% |
19 |
24 |
Zurich Cantonalbank |
0.20% |
20 |
38 |
ANZ Banking Group |
0.15% |
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Emerging Market currencies |
2018 |
2017 |
Liquidity Provider |
%Market share |
1 |
1 |
Standard Chartered |
10.42% |
2 |
2 |
JPMorgan |
9.41% |
3 |
4 |
XTX Markets |
8.88% |
4 |
6 |
HSBC |
7.06% |
5 |
3 |
Citi |
6.73% |
6 |
5 |
Deutsche Bank |
6.48% |
7 |
8 |
UBS |
6.23% |
8 |
7 |
Bank of America Merrill Lynch |
5.23% |
9 |
11 |
State Street |
5.01% |
10 |
10 |
Goldman Sachs |
4.59% |
11 |
9 |
Barclays |
3.39% |
12 |
14 |
BNP Paribas |
3.04% |
13 |
12 |
Societe Generale |
2.84% |
14 |
39 |
SMBC |
2.31% |
15 |
16 |
Morgan Stanley |
2.11% |
16 |
17 |
Credit Suisse |
1.71% |
17 |
18 |
Credit Agricole |
1.14% |
18 |
62 |
Jump Trading |
1.11% |
19 |
24 |
Nomura |
1.11% |
20 |
20 |
Commerzbank |
1.07% |
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