Asiamoney FX Survey 2019

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Find out which counterparties rank top in the Euromoney-Asiamoney FX Survey

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FX_19_Web
© 2019


Global results index

Asiamoney’s FX rankings are derived from the votes collected in Euromoney’s global FX Survey which ran from January 16 to March 7, 2019. The survey received 1,966 valid responses from consumers of FX liquidity representing total FX consumption of $121.1 trillion in the calendar year 2018. Asiamoney ranked the top five counterparties and top three Asian counterparties in 11 different Asian jurisdictions as part of our 41st annual survey of liquidity consumption in the global FX markets.

Asia Market Leaders

Market Share
APAC
Rank 2019CounterpartyMarket Share %
1JPMorgan11.45%
2Bank of America Merrill Lynch10.09%
3UBS9.35%
4Citi7.90%
5Deutsche Bank6.40%
6XTX Markets6.12%
7HSBC6.00%
8Goldman Sachs5.79%
9Standard Chartered4.04%
10SMBC3.99%
Bank to top
China
Rank 2019CounterpartyMarket Share %
1Bank of America Merrill Lynch44.39%
2Standard Chartered14.54%
3Bank of New York Mellon8.64%
4HSBC3.66%
5Bank of China1.50%
Bank to top
China (Asian Banks)
Rank 2019CounterpartyMarket Share %
1Bank of China1.50%
Bank to top
Hong Kong
Rank 2019CounterpartyMarket Share %
1Bank of America Merrill Lynch11.39%
2Deutsche Bank10.51%
3XTX Markets9.39%
4HSBC7.95%
5Standard Chartered7.88%
Bank to top
India
Rank 2019CounterpartyMarket Share %
1Standard Chartered38.72%
2JPMorgan12.04%
3BNP Paribas11.15%
4Citi4.94%
5State Bank of India2.91%
Bank to top
India (Asian Banks)
Rank 2019CounterpartyMarket Share %
1State Bank of India2.91%
2Axis Bank2.88%
3Yes Bank1.10%
Bank to top
Indonesia
Rank 2019CounterpartyMarket Share %
1CIMB19.96%
2Bank Central Asia16.45%
3Standard Chartered3.44%
Bank to top
Indonesia (Asian Banks)
Rank 2019CounterpartyMarket Share %
1CIMB19.96%
2Bank Central Asia16.45%
Bank to top
Japan
Rank 2019CounterpartyMarket Share %
1JPMorgan14.40%
2Citi11.63%
3UBS11.44%
4Bank of America Merrill Lynch10.41%
5Goldman Sachs7.77%
Bank to top
Japan (Asian Banks)
Rank 2019CounterpartyMarket Share %
1SMBC7.10%
2Nomura4.67%
3MUFG3.62%
Bank to top
Korea
Rank 2019CounterpartyMarket Share %
1State Street38.84%
2Standard Chartered8.04%
3HSBC5.93%
4Bank of America Merrill Lynch4.42%
5Mizuho Financial Group3.98%
Bank to top
Korea (Asian Banks)
Rank 2019CounterpartyMarket Share %
1Mizuho Financial Group3.98%
2Korea Development Bank3.21%
3Shinhan Bank2.07%
Bank to top
Malaysia
Rank 2019CounterpartyMarket Share %
1Standard Chartered46.74%
2CIMB13.32%
3Maybank6.67%
4Citi3.96%
5UOB2.94%
Bank to top
Malaysia (Asian Banks)
Rank 2019CounterpartyMarket Share %
1CIMB13.32%
2Maybank6.67%
3UOB2.94%
Bank to top
Philippines
Rank 2019CounterpartyMarket Share %
1Standard Chartered16.72%
2Chinabank6.98%
3Security Bank5.85%
4BDO Unibank4.91%
5Bank of the Philippine Islands1.84%
Bank to top
Philippines (Asian Banks)
Rank 2019CounterpartyMarket Share %
1Chinabank6.98%
2Security Bank5.85%
3BDO Unibank4.91%
Bank to top
Singapore
Rank 2019CounterpartyMarket Share %
1HSBC14.63%
2Deutsche Bank14.09%
3UBS11.51%
4Standard Chartered11.35%
5Nomura9.65%
Bank to top
Taiwan
Rank 2019CounterpartyMarket Share %
1State Street24.63%
2Bank of America Merrill Lynch19.24%
3Standard Chartered14.30%
4Deutsche Bank11.19%
5HSBC6.13%
Bank to top
Thailand
Rank 2019CounterpartyMarket Share %
1Bank of America Merrill Lynch18.97%
2CIMB13.29%
3Siam Commercial Bank4.89%
4Kasikornbank4.20%
5Bangkok Bank2.97%
Bank to top
Thailand (Asian Banks)
Rank 2019CounterpartyMarket Share %
1CIMB13.29%
2Siam Commercial Bank4.89%
3Kasikornbank4.20%
Bank to top