The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.
Foreign Exchange

FX survey 2020: JPMorgan dominates with more than 10% market share

JPMorgan recorded a hat-trick in the liquidity rankings, but it was all change in many other areas of this year’s Euromoney FX poll.

iStock-1180248693-780x520

JPMorgan’s market share of 10.78% in this year’s survey was up from 9.81% in 2019 and well ahead of UBS with 8.13%. XTX and Deutsche Bank were not far behind, but then it is quite a gap to last year’s third-placed Citi in fifth.



EuromoneyForeignExchange-2020

One of the factors likely to have contributed to JPMorgan’s strong showing is its electronic trading capabilities.

Renowned for investing big sums in technology, earlier this year the bank’s FX e-commerce team was talking about a big increase in volumes of algos for tickets with a notional value above $10 million, with almost two thirds of these orders traded algorithmically in March alone.

UBS has also benefitted from investment in its FX business, including becoming the first global bank to launch an e-FX pricing and trading engine in Singapore in 2019. In addition, the Swiss bank took steps last year towards folding its FX, rates and credit group into a single securities unit.

XTX has firmly hitched its wagon to the anti-last look movement over the last 12 months, a move that seems to have gone down well with clients as it moved up from fourth place last year.




You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree