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Surveys

Euromoney FX Survey 2019 – results released

Euromoney magazine has released the results of its 41st annual foreign exchange survey, the most comprehensive quantitative and qualitative annual study available on the FX markets.

Among the key findings:

  • JPMorgan retains the top ranking

  • The overall unadjusted volume is $121.1 trillion – the highest volume recorded since 2015

  • Among the top 10, only one firm keeps its 2018 position

  • Deutsche Bank jumps from 8th to 2nd place

  • Bank of America Merrill Lynch drops from 4th to 9th place

  • The top 5 maintain a global market share of 40%

Detailed information:

Top 10 overall market share:

Global Market Share
Overall Volume (Adjusted SWAPS*)
Rank 2019 Rank 2018 Counterparty Market share 2019
1 1 JPMorgan 9.81%
2 8 Deutsche Bank 8.41%
3 5 Citi 7.87%
4 3 XTX Markets 7.22%
5 2 UBS 6.63%
6 10 State Street 5.50%

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