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Foreign Exchange Survey Results 2022
About the Foreign Exchange Survey
Euromoney’s FX survey continues to be the most comprehensive representation of the wholesale FX consumption universe, a representative sample of FX consumption volumes and an accurate depiction of market shares for FX providers in aggregate.
The re-use/distribution of any of the rankings requires the express permission of Euromoney – please contact insight@euromoney.com if you wish to discuss this further.
To access the detailed rankings/analysis please contact: Sergey Atliyev Head of Sales sergey.atliyev@euromoney.com
For questions related to the survey please contact: Ben Stevens ben.stevens@euromoneyplc.com
To view the Euromoney FX Survey Presentation 2022, please click here.
USE THE BELOW TABS TO NAVIGATE RESULTS
Section
Overall | |||||||||
2022 | 2021 | Bank | Market Share % | ||||||
1 | 3 | Deutsche Bank | 10.89% | ||||||
2 | 2 | UBS | 9.69% | ||||||
3 | 1 | JPMorgan | 8.67% | ||||||
4 | 9 | State Street | 7.66% | ||||||
5 | 4 | XTX Markets | 7.14% | ||||||
6 | 6 | Jump Trading | 5.60% | ||||||
7 | 5 | Citi | 4.54% | ||||||
8 | 13 | Bank of New York Mellon | 4.30% | ||||||
9 | 8 | Bank of America | 3.73% | ||||||
10 | 7 | Goldman Sachs | 3.65% | ||||||
11 | 12 | BNP Paribas | 3.56% | ||||||
12 | 18 | Citadel Securities | 3.47% | ||||||
13 | 11 | Morgan Stanley | 3.15% | ||||||
14 | 10 | HSBC | 2.51% | ||||||
15 | 14 | Barclays | 2.37% | ||||||
16 | 15 | Credit Suisse | 2.20% | ||||||
17 | 16 | HCTech | 1.99% | ||||||
18 | 24 | TD Securities | 1.14% | ||||||
19 | 20 | Commerzbank | 1.13% | ||||||
20 | 19 | NatWest | 1.08% | ||||||
21 | 17 | Standard Chartered | 1.07% | ||||||
22 | 26 | Flow Traders | 1.06% | ||||||
23 | 35 | Tower Research Group | 0.92% | ||||||
24 | 25 | MUFG | 0.86% | ||||||
25 | 28 | Jane Street Capital | 0.85% | ||||||
26 | 22 | Nomura | 0.71% | ||||||
27 | 21 | RBC Capital Markets | 0.68% | ||||||
28 | 50 | Sumitomo Mitsui Banking Corporation | 0.65% | ||||||
29 | 23 | Societe Generale | 0.46% | ||||||
30 | 29 | Virtu Financial | 0.36% | ||||||
31 | 31 | ANZ Banking Group | 0.30% | ||||||
32 | 27 | Credit Agricole | 0.24% | ||||||
33 | 56 | Commonwealth Bank | 0.23% | ||||||
34 | 48 | Swissquote | 0.17% | ||||||
35 | 30 | Canadian Imperial Bank of Commerce | 0.17% | ||||||
36 | 37 | National Australia Bank | 0.16% | ||||||
37 | 38 | Geely Financials | 0.14% | ||||||
38 | 33 | Westpac Banking Corporation | 0.13% | ||||||
39 | 32 | Hudson River Trading | 0.13% | ||||||
40 | 44 | Mizuho Financial Group | 0.12% | ||||||
41 | 148 | Britannia | 0.11% | ||||||
42 | 40 | UniCredit | 0.10% | ||||||
43 | 52 | Danske Bank | 0.10% | ||||||
44 | 41 | Zürcher Kantonalbank | 0.10% | ||||||
45 | 42 | Group BPCE | 0.09% | ||||||
46 | 39 | Solid | 0.09% | ||||||
47 | 36 | Bank of Montreal | 0.08% | ||||||
48 | 46 | SBI Group | 0.08% | ||||||
49 | 61 | SEB | 0.08% | ||||||
50 | 59 | ING Group | 0.08% | ||||||
Overall (unadjusted swaps) | |||||||||
2022 | 2021 | Bank | Market Share % | ||||||
1 | 1 | Deutsche Bank | 13.68% | ||||||
2 | 3 | UBS | 9.41% | ||||||
3 | 2 | JPMorgan | 8.11% | ||||||
4 | 10 | State Street | 6.40% | ||||||
5 | 5 | XTX Markets | 5.53% | ||||||
6 | 4 | Citi | 5.09% | ||||||
7 | 7 | Jump Trading | 4.39% | ||||||
8 | 21 | Commerzbank | 3.84% | ||||||
9 | 14 | Bank of New York Mellon | 3.75% | ||||||
10 | 6 | Goldman Sachs | 3.74% | ||||||
11 | 8 | Bank of America | 3.58% | ||||||
12 | 9 | Barclays | 3.52% | ||||||
13 | 13 | BNP Paribas | 3.12% | ||||||
14 | 12 | Morgan Stanley | 3.10% | ||||||
15 | 18 | Citadel Securities | 2.69% | ||||||
16 | 11 | HSBC | 2.56% | ||||||
17 | 16 | Credit Suisse | 1.80% | ||||||
18 | 17 | HCTech | 1.54% | ||||||
19 | 19 | NatWest | 1.31% | ||||||
20 | 24 | MUFG | 1.30% | ||||||
21 | 23 | TD Securities | 1.21% | ||||||
22 | 22 | Nomura | 1.19% | ||||||
23 | 15 | Standard Chartered | 1.16% | ||||||
24 | 29 | Flow Traders | 0.82% | ||||||
25 | 39 | Tower Research Group | 0.71% | ||||||
26 | 25 | Sumitomo Mitsui Banking Corporation | 0.68% | ||||||
27 | 30 | Jane Street Capital | 0.66% | ||||||
28 | 20 | RBC Capital Markets | 0.58% | ||||||
29 | 26 | Societe Generale | 0.42% | ||||||
30 | 33 | Virtu Financial | 0.28% | ||||||
31 | 28 | Credit Agricole | 0.25% | ||||||
32 | 35 | ANZ Banking Group | 0.25% | ||||||
33 | 27 | OCBC Bank | 0.21% | ||||||
34 | 59 | Commonwealth Bank | 0.20% | ||||||
35 | 31 | Canadian Imperial Bank of Commerce | 0.18% | ||||||
36 | 45 | SBI Group | 0.15% | ||||||
37 | 57 | Swissquote | 0.13% | ||||||
38 | 34 | Westpac Banking Corporation | 0.13% | ||||||
39 | 40 | National Australia Bank | 0.12% | ||||||
40 | 41 | Zürcher Kantonalbank | 0.11% | ||||||
41 | 43 | Geely Financials | 0.11% | ||||||
42 | 55 | Danske Bank | 0.11% | ||||||
43 | 37 | Hudson River Trading | 0.10% | ||||||
44 | 42 | UniCredit | 0.10% | ||||||
45 | 36 | Mizuho Financial Group | 0.09% | ||||||
46 | 148 | Britannia | 0.09% | ||||||
47 | 32 | CIMB | 0.09% | ||||||
48 | 48 | Group BPCE | 0.09% | ||||||
49 | 61 | SEB | 0.08% | ||||||
50 | 46 | Solid | 0.07% | ||||||
Spot/fwd outrights | |||||||||
2022 | 2021 | Bank | Market Share % | ||||||
1 | 2 | UBS | 10.89% | ||||||
2 | 3 | Deutsche Bank | 10.57% | ||||||
3 | 4 | XTX Markets | 9.56% | ||||||
4 | 1 | JPMorgan | 9.38% | ||||||
5 | 5 | Jump Trading | 7.40% | ||||||
6 | 10 | Bank of New York Mellon | 4.69% | ||||||
7 | 16 | Citadel Securities | 4.65% | ||||||
8 | 7 | Citi | 4.13% | ||||||
9 | 6 | Goldman Sachs | 3.86% | ||||||
10 | 9 | State Street | 3.40% | ||||||
11 | 8 | Bank of America | 3.24% | ||||||
12 | 15 | Credit Suisse | 2.75% | ||||||
13 | 13 | HCTech | 2.67% | ||||||
14 | 12 | Morgan Stanley | 2.54% | ||||||
15 | 14 | BNP Paribas | 2.10% | ||||||
16 | 17 | Barclays | 2.04% | ||||||
17 | 11 | HSBC | 1.93% | ||||||
18 | 24 | Flow Traders | 1.42% | ||||||
19 | 30 | Tower Research Group | 1.23% | ||||||
20 | 19 | Commerzbank | 1.21% | ||||||
Swaps | |||||||||
2022 | 2021 | Bank | Market Share % | ||||||
1 | 3 | State Street | 20.70% | ||||||
2 | 6 | Deutsche Bank | 11.38% | ||||||
3 | 7 | BNP Paribas | 7.91% | ||||||
4 | 4 | JPMorgan | 6.60% | ||||||
5 | 2 | UBS | 6.04% | ||||||
6 | 1 | Citi | 5.74% | ||||||
7 | 5 | Bank of America | 5.13% | ||||||
8 | 9 | Morgan Stanley | 5.02% | ||||||
9 | 8 | HSBC | 4.29% | ||||||
10 | 13 | TD Securities | 3.68% | ||||||
11 | 10 | Barclays | 3.27% | ||||||
12 | 14 | Bank of New York Mellon | 3.22% | ||||||
13 | 11 | Goldman Sachs | 2.86% | ||||||
14 | 12 | RBC Capital Markets | 1.80% | ||||||
15 | 16 | NatWest | 1.50% | ||||||
16 | 15 | Standard Chartered | 1.35% | ||||||
17 | 20 | Commerzbank | 0.91% | ||||||
18 | 33 | Commonwealth Bank | 0.89% | ||||||
19 | 18 | Societe Generale | 0.78% | ||||||
20 | 17 | Credit Agricole | 0.70% | ||||||
Swaps (unadjusted swaps) | |||||||||
2022 | 2021 | Bank | Market Share % | ||||||
1 | 1 | Deutsche Bank | 17.79% | ||||||
2 | 7 | State Street | 10.63% | ||||||
3 | 23 | Commerzbank | 7.53% | ||||||
4 | 2 | UBS | 7.34% | ||||||
5 | 3 | Citi | 6.40% | ||||||
6 | 4 | JPMorgan | 6.39% | ||||||
7 | 5 | Barclays | 5.53% | ||||||
8 | 8 | BNP Paribas | 4.50% | ||||||
9 | 6 | Bank of America | 4.02% | ||||||
10 | 11 | Morgan Stanley | 3.90% | ||||||
11 | 10 | Goldman Sachs | 3.51% | ||||||
12 | 9 | HSBC | 3.45% | ||||||
13 | 18 | Bank of New York Mellon | 2.50% | ||||||
14 | 16 | TD Securities | 2.48% | ||||||
15 | 15 | NatWest | 1.84% | ||||||
16 | 22 | MUFG | 1.65% | ||||||
17 | 61 | Nomura | 1.62% | ||||||
18 | 12 | Standard Chartered | 1.42% | ||||||
19 | 14 | RBC Capital Markets | 0.95% | ||||||
20 | 25 | Credit Suisse | 0.50% | ||||||
Options | |||||||||
2022 | 2021 | Bank | Market Share % | ||||||
1 | 1 | Deutsche Bank | 30.18% | ||||||
2 | 6 | UBS | 11.49% | ||||||
3 | 8 | Goldman Sachs | 8.84% | ||||||
4 | 2 | Bank of America | 7.41% | ||||||
5 | 7 | Barclays | 7.16% | ||||||
6 | 15 | NatWest | 7.05% | ||||||
7 | 9 | BNP Paribas | 6.13% | ||||||
8 | 5 | JPMorgan | 5.91% | ||||||
9 | 4 | Citi | 5.15% | ||||||
10 | 3 | Morgan Stanley | 2.19% | ||||||
11 | 10 | HSBC | 1.66% | ||||||
12 | 12 | Standard Chartered | 1.12% | ||||||
13 | 13 | Credit Agricole | 1.07% | ||||||
14 | 24 | RBC Capital Markets | 0.62% | ||||||
15 | 43 | Bank of New York Mellon | 0.54% | ||||||
16 | 14 | Credit Suisse | 0.45% | ||||||
17 | 11 | Societe Generale | 0.34% | ||||||
18 | 23 | UniCredit | 0.32% | ||||||
19 | 38 | ING Group | 0.31% | ||||||
20 | 16 | Zürcher Kantonalbank | 0.31% | ||||||
Overall electronic | |||||||||
2022 | 2021 | Bank | Market Share % | ||||||
1 | 3 | Deutsche Bank | 12.20% | ||||||
2 | 2 | UBS | 11.32% | ||||||
3 | 4 | XTX Markets | 9.09% | ||||||
4 | 1 | JPMorgan | 9.02% | ||||||
5 | 5 | Jump Trading | 7.26% | ||||||
6 | 6 | Citi | 4.62% | ||||||
7 | 15 | Citadel Securities | 4.53% | ||||||
8 | 7 | Goldman Sachs | 3.88% | ||||||
9 | 8 | Bank of America | 3.32% | ||||||
10 | 11 | BNP Paribas | 3.29% | ||||||
11 | 9 | State Street | 3.16% | ||||||
12 | 10 | HSBC | 2.83% | ||||||
13 | 16 | Barclays | 2.74% | ||||||
14 | 13 | Credit Suisse | 2.66% | ||||||
15 | 14 | HCTech | 2.60% | ||||||
16 | 12 | Morgan Stanley | 2.59% | ||||||
17 | 25 | Flow Traders | 1.38% | ||||||
18 | 18 | Commerzbank | 1.37% | ||||||
19 | 31 | Tower Research Group | 1.20% | ||||||
20 | 20 | NatWest | 1.13% | ||||||
Overall electronic (unadjusted swaps) | |||||||||
2022 | 2021 | Bank | Market Share % | ||||||
1 | 1 | Deutsche Bank | 14.00% | ||||||
2 | 3 | UBS | 10.62% | ||||||
3 | 2 | JPMorgan | 8.85% | ||||||
4 | 4 | XTX Markets | 7.21% | ||||||
5 | 6 | Jump Trading | 5.83% | ||||||
6 | 18 | Commerzbank | 5.02% | ||||||
7 | 5 | Citi | 4.55% | ||||||
8 | 9 | Barclays | 4.05% | ||||||
9 | 7 | Goldman Sachs | 4.05% | ||||||
10 | 17 | Citadel Securities | 3.59% | ||||||
11 | 12 | BNP Paribas | 2.91% | ||||||
12 | 10 | HSBC | 2.88% | ||||||
13 | 8 | Bank of America | 2.83% | ||||||
14 | 11 | State Street | 2.77% | ||||||
15 | 13 | Morgan Stanley | 2.48% | ||||||
16 | 14 | Credit Suisse | 2.17% | ||||||
17 | 16 | HCTech | 2.06% | ||||||
18 | 21 | MUFG | 1.68% | ||||||
19 | 20 | Nomura | 1.54% | ||||||
20 | 19 | NatWest | 1.37% | ||||||
Electronic spot/fwd outrights | |||||||||
2022 | 2021 | Bank | Market Share % | ||||||
1 | 2 | UBS | 11.69% | ||||||
2 | 4 | Deutsche Bank | 11.32% | ||||||
3 | 3 | XTX Markets | 10.88% | ||||||
4 | 1 | JPMorgan | 9.10% | ||||||
5 | 5 | Jump Trading | 8.57% | ||||||
6 | 13 | Citadel Securities | 5.42% | ||||||
7 | 7 | Citi | 4.07% | ||||||
8 | 6 | Goldman Sachs | 3.68% | ||||||
9 | 11 | HCTech | 3.11% | ||||||
10 | 8 | Bank of America | 3.05% | ||||||
11 | 10 | Credit Suisse | 3.03% | ||||||
12 | 14 | State Street | 2.56% | ||||||
13 | 12 | Morgan Stanley | 2.46% | ||||||
14 | 15 | BNP Paribas | 2.27% | ||||||
15 | 17 | Barclays | 2.24% | ||||||
16 | 9 | HSBC | 2.02% | ||||||
17 | 22 | Flow Traders | 1.65% | ||||||
18 | 28 | Tower Research Group | 1.44% | ||||||
19 | 24 | Jane Street Capital | 1.33% | ||||||
20 | 19 | Commerzbank | 1.29% | ||||||
Electronic swaps | |||||||||
2022 | 2021 | Bank | Market Share % | ||||||
1 | 5 | Deutsche Bank | 16.45% | ||||||
2 | 1 | UBS | 9.40% | ||||||
3 | 4 | JPMorgan | 8.65% | ||||||
4 | 9 | BNP Paribas | 8.49% | ||||||
5 | 2 | Citi | 7.38% | ||||||
6 | 7 | HSBC | 7.02% | ||||||
7 | 3 | State Street | 6.32% | ||||||
8 | 10 | Barclays | 5.25% | ||||||
9 | 8 | Goldman Sachs | 4.88% | ||||||
10 | 6 | Bank of America | 4.74% | ||||||
11 | 12 | Morgan Stanley | 3.21% | ||||||
12 | 14 | NatWest | 2.39% | ||||||
13 | 17 | Bank of New York Mellon | 2.24% | ||||||
14 | 19 | Commerzbank | 1.76% | ||||||
15 | 11 | RBC Capital Markets | 1.26% | ||||||
16 | 15 | Credit Agricole | 1.21% | ||||||
17 | 24 | TD Securities | 0.96% | ||||||
18 | 20 | Credit Suisse | 0.76% | ||||||
19 | 16 | Societe Generale | 0.75% | ||||||
20 | 13 | Standard Chartered | 0.64% | ||||||
Electronic swaps (unadjusted swaps) | |||||||||
2022 | 2021 | Bank | Market Share % | ||||||
1 | 1 | Deutsche Bank | 19.19% | ||||||
2 | 18 | Commerzbank | 12.41% | ||||||
3 | 2 | UBS | 8.51% | ||||||
4 | 3 | JPMorgan | 8.38% | ||||||
5 | 5 | Barclays | 7.61% | ||||||
6 | 4 | Citi | 5.48% | ||||||
7 | 9 | Goldman Sachs | 4.76% | ||||||
8 | 8 | HSBC | 4.59% | ||||||
9 | 10 | BNP Paribas | 4.15% | ||||||
10 | 7 | State Street | 3.20% | ||||||
11 | 58 | Nomura | 2.68% | ||||||
12 | 16 | MUFG | 2.63% | ||||||
13 | 12 | Morgan Stanley | 2.50% | ||||||
14 | 6 | Bank of America | 2.40% | ||||||
15 | 13 | NatWest | 2.33% | ||||||
16 | 11 | Standard Chartered | 1.42% | ||||||
17 | 20 | Bank of New York Mellon | 1.38% | ||||||
18 | 17 | Credit Agricole | 0.71% | ||||||
19 | 15 | RBC Capital Markets | 0.63% | ||||||
20 | 26 | TD Securities | 0.52% | ||||||
Electronic options | |||||||||
2022 | 2021 | Bank | Market Share % | ||||||
1 | 1 | Deutsche Bank | 33.43% | ||||||
2 | 6 | Citi | 9.77% | ||||||
3 | 8 | BNP Paribas | 9.47% | ||||||
4 | 2 | UBS | 9.22% | ||||||
5 | 3 | JPMorgan | 6.95% | ||||||
6 | 4 | Barclays | 5.73% | ||||||
7 | 10 | Goldman Sachs | 5.40% | ||||||
8 | 5 | Morgan Stanley | 5.38% | ||||||
9 | 7 | Bank of America | 5.05% | ||||||
10 | 9 | NatWest | 3.39% | ||||||
11 | 11 | HSBC | 2.82% | ||||||
12 | 19 | Standard Chartered | 1.79% | ||||||
13 | 22 | UniCredit | 0.29% | ||||||
14 | 12 | Credit Agricole | 0.26% | ||||||
15 | 27 | SEB | 0.23% | ||||||
16 | 14 | Credit Suisse | 0.15% | ||||||
17 | 17 | Banque Cantonale Vaudoise | 0.13% | ||||||
18 | 15 | Societe Generale | 0.13% | ||||||
19 | 29 | ABN Amro | 0.12% | ||||||
20 | 18 | BBVA | 0.07% | ||||||
Emerging market volume | |||||||||
2022 | 2021 | Bank | Market Share % | ||||||
1 | 4 | XTX Markets | 11.59% | ||||||
2 | 3 | UBS | 10.97% | ||||||
3 | 2 | Deutsche Bank | 10.81% | ||||||
4 | 1 | JPMorgan | 6.58% | ||||||
5 | 10 | State Street | 5.81% | ||||||
6 | 8 | Bank of America | 4.54% | ||||||
7 | 5 | Jump Trading | 4.31% | ||||||
8 | 11 | BNP Paribas | 4.18% | ||||||
9 | 6 | Citi | 4.13% | ||||||
10 | 9 | HSBC | 3.94% | ||||||
11 | 7 | Goldman Sachs | 3.80% | ||||||
12 | 59 | Tower Research Group | 2.61% | ||||||
13 | 13 | Morgan Stanley | 2.53% | ||||||
14 | 18 | Bank of New York Mellon | 2.48% | ||||||
15 | 12 | Barclays | 2.10% | ||||||
16 | 16 | Credit Suisse | 2.06% | ||||||
17 | 17 | Commerzbank | 2.03% | ||||||
18 | 14 | Standard Chartered | 2.01% | ||||||
19 | 20 | Citadel Securities | 1.60% | ||||||
20 | 33 | TD Securities | 1.48% | ||||||
Emerging market volume (unadjusted swaps) | |||||||||
2022 | 2021 | Bank | Market Share % | ||||||
1 | 2 | Deutsche Bank | 10.98% | ||||||
2 | 3 | UBS | 10.23% | ||||||
3 | 4 | XTX Markets | 8.54% | ||||||
4 | 1 | JPMorgan | 6.31% | ||||||
5 | 5 | Citi | 4.86% | ||||||
6 | 17 | Commerzbank | 4.84% | ||||||
7 | 6 | Barclays | 4.71% | ||||||
8 | 12 | State Street | 4.51% | ||||||
9 | 9 | HSBC | 4.45% | ||||||
10 | 10 | Goldman Sachs | 4.28% | ||||||
11 | 8 | Bank of America | 3.67% | ||||||
12 | 11 | BNP Paribas | 3.36% | ||||||
13 | 7 | Jump Trading | 3.18% | ||||||
14 | 27 | Nomura | 3.17% | ||||||
15 | 13 | Standard Chartered | 2.78% | ||||||
16 | 22 | MUFG | 2.48% | ||||||
17 | 14 | Morgan Stanley | 2.16% | ||||||
18 | 18 | Bank of New York Mellon | 2.07% | ||||||
19 | 63 | Tower Research Group | 1.92% | ||||||
20 | 16 | Credit Suisse | 1.54% | ||||||
Precious metals | |||||||||
2022 | 2021 | Bank | Market Share % | ||||||
1 | - | Deutsche Bank | 22.74% | ||||||
2 | - | UBS | 16.01% | ||||||
3 | - | XTX Markets | 13.17% | ||||||
4 | - | Goldman Sachs | 11.81% | ||||||
5 | - | JPMorgan | 9.23% | ||||||
6 | - | Jump Trading | 7.54% | ||||||
7 | - | Credit Suisse | 5.44% | ||||||
8 | - | Flow Traders | 2.85% | ||||||
9 | - | Barclays | 2.67% | ||||||
10 | - | BNP Paribas | 1.59% | ||||||
11 | - | HCTech | 1.50% | ||||||
12 | - | Citi | 1.28% | ||||||
13 | - | Morgan Stanley | 0.83% | ||||||
14 | - | Standard Chartered | 0.71% | ||||||
15 | - | Geely Financials | 0.55% | ||||||
16 | - | Nomura | 0.47% | ||||||
17 | - | Virtu Financial | 0.46% | ||||||
18 | - | Solid | 0.37% | ||||||
19 | - | HSBC | 0.21% | ||||||
20 | - | Citadel Securities | 0.21% |
Banks | ||||||||
2022 | 2021 | Bank | Market Share % | |||||
1 | 1 | Deutsche Bank | 19.65% | |||||
2 | 2 | UBS | 14.46% | |||||
3 | 3 | JPMorgan | 9.59% | |||||
4 | 6 | XTX Markets | 9.03% | |||||
5 | 4 | Citi | 6.83% | |||||
6 | 5 | Goldman Sachs | 4.02% | |||||
7 | 12 | Morgan Stanley | 3.60% | |||||
8 | 9 | Barclays | 3.44% | |||||
9 | 7 | BNP Paribas | 3.11% | |||||
10 | 8 | Bank of America | 2.93% | |||||
11 | 16 | State Street | 2.68% | |||||
12 | 19 | Bank of New York Mellon | 2.42% | |||||
13 | 10 | HSBC | 2.29% | |||||
14 | 11 | Credit Suisse | 2.21% | |||||
15 | 21 | NatWest | 2.18% | |||||
16 | 15 | Citadel Securities | 1.60% | |||||
17 | 13 | Commerzbank | 1.38% | |||||
18 | 17 | Standard Chartered | 1.03% | |||||
19 | 14 | Jump Trading | 1.01% | |||||
20 | 20 | Societe Generale | 0.97% | |||||
Non-financial corporates | ||||||||
2022 | 2021 | Bank | Market Share % | |||||
1 | 4 | Deutsche Bank | 11.03% | |||||
2 | 2 | Barclays | 8.67% | |||||
3 | 5 | UBS | 8.27% | |||||
4 | 7 | JPMorgan | 6.62% | |||||
5 | 1 | HSBC | 5.94% | |||||
6 | 6 | Bank of America | 5.00% | |||||
7 | 23 | Bank of New York Mellon | 4.40% | |||||
8 | 9 | BNP Paribas | 4.26% | |||||
9 | 3 | Citi | 4.05% | |||||
10 | 17 | NatWest | 3.78% | |||||
11 | 8 | Goldman Sachs | 3.10% | |||||
12 | 20 | MUFG | 2.98% | |||||
13 | 28 | UniCredit | 2.88% | |||||
14 | 16 | Credit Agricole | 2.80% | |||||
15 | 10 | Commerzbank | 2.78% | |||||
16 | 13 | Standard Chartered | 2.53% | |||||
17 | 14 | Morgan Stanley | 2.53% | |||||
18 | 35 | Nomura | 2.41% | |||||
19 | 15 | Societe Generale | 1.71% | |||||
20 | 12 | State Street | 1.57% | |||||
FX Trading platforms | ||||||||
2022 | 2021 | Bank | Market Share % | |||||
1 | 5 | Deutsche Bank | 10.84% | |||||
2 | 2 | Jump Trading | 10.71% | |||||
3 | 3 | XTX Markets | 10.61% | |||||
4 | 4 | UBS | 10.18% | |||||
5 | 1 | JPMorgan | 8.43% | |||||
6 | 9 | Citadel Securities | 6.66% | |||||
7 | 7 | HCTech | 4.71% | |||||
8 | 11 | Credit Suisse | 3.71% | |||||
9 | 8 | Citi | 3.12% | |||||
10 | 10 | Bank of America | 2.86% | |||||
11 | 6 | Goldman Sachs | 2.66% | |||||
12 | 26 | Tower Research Group | 2.19% | |||||
13 | 19 | Barclays | 2.02% | |||||
14 | 18 | Commerzbank | 2.01% | |||||
15 | 16 | BNP Paribas | 1.99% | |||||
16 | 21 | Flow Traders | 1.57% | |||||
17 | 13 | State Street | 1.49% | |||||
18 | 22 | MUFG | 1.49% | |||||
19 | 36 | Sumitomo Mitsui Banking Corporation | 1.49% | |||||
20 | 17 | HSBC | 1.33% | |||||
Leveraged funds | ||||||||
2022 | 2021 | Bank | Market Share % | |||||
1 | 1 | JPMorgan | 15.61% | |||||
2 | 5 | Deutsche Bank | 14.21% | |||||
3 | 3 | UBS | 10.22% | |||||
4 | 15 | Bank of New York Mellon | 10.20% | |||||
5 | 2 | Citi | 7.86% | |||||
6 | 4 | Bank of America | 7.17% | |||||
7 | 8 | BNP Paribas | 5.78% | |||||
8 | 6 | Goldman Sachs | 5.60% | |||||
9 | 11 | HSBC | 4.79% | |||||
10 | 9 | Morgan Stanley | 3.67% | |||||
11 | 7 | State Street | 3.59% | |||||
12 | 17 | Barclays | 3.41% | |||||
13 | 10 | XTX Markets | 2.45% | |||||
14 | 16 | Credit Suisse | 1.47% | |||||
15 | 13 | NatWest | 1.22% | |||||
16 | 20 | TD Securities | 0.43% | |||||
17 | 12 | Standard Chartered | 0.41% | |||||
18 | 18 | Geely Financials | 0.40% | |||||
19 | 24 | Nomura | 0.36% | |||||
20 | 36 | Zürcher Kantonalbank | 0.24% | |||||
Real Money | ||||||||
2022 | 2021 | Bank | Market Share % | |||||
1 | 2 | State Street | 32.32% | |||||
2 | 1 | Bank of New York Mellon | 10.64% | |||||
3 | 7 | BNP Paribas | 6.44% | |||||
4 | 6 | Morgan Stanley | 5.74% | |||||
5 | 13 | TD Securities | 5.60% | |||||
6 | 4 | JPMorgan | 5.03% | |||||
7 | 3 | Citi | 4.45% | |||||
8 | 9 | HSBC | 3.35% | |||||
9 | 5 | UBS | 3.00% | |||||
10 | 11 | RBC Capital Markets | 2.98% | |||||
11 | 8 | Bank of America | 2.60% | |||||
12 | 14 | Deutsche Bank | 2.55% | |||||
13 | 10 | Goldman Sachs | 2.14% | |||||
14 | 20 | Standard Chartered | 1.46% | |||||
15 | 12 | Barclays | 1.14% | |||||
16 | 31 | Commonwealth Bank | 1.10% | |||||
17 | 15 | Societe Generale | 1.00% | |||||
18 | 17 | Canadian Imperial Bank of Commerce | 0.82% | |||||
19 | 21 | National Australia Bank | 0.81% | |||||
20 | 16 | Credit Agricole | 0.72% |
Americas | ||||
2022 | 2021 | Bank | Market Share % | |
1 | 3 | State Street | 17.41% | |
2 | 5 | Deutsche Bank | 7.99% | |
3 | 18 | Bank of New York Mellon | 7.13% | |
4 | 2 | UBS | 6.55% | |
5 | 16 | Citadel Securities | 6.14% | |
6 | 1 | JPMorgan | 5.76% | |
7 | 9 | Jump Trading | 5.15% | |
8 | 8 | Morgan Stanley | 5.11% | |
9 | 12 | XTX Markets | 4.35% | |
10 | 6 | Bank of America | 4.31% | |
11 | 11 | HCTech | 4.19% | |
12 | 10 | BNP Paribas | 4.04% | |
13 | 17 | TD Securities | 3.14% | |
14 | 7 | Goldman Sachs | 3.02% | |
15 | 4 | Citi | 2.65% | |
16 | 13 | RBC Capital Markets | 1.55% | |
17 | 22 | Jane Street Capital | 1.43% | |
18 | 19 | Barclays | 1.41% | |
19 | 14 | HSBC | 1.32% | |
20 | 33 | Flow Traders | 1.17% | |
Asia Pacific | ||||
2022 | 2021 | Bank | Market Share % | |
1 | 2 | Deutsche Bank | 16.01% | |
2 | 4 | JPMorgan | 12.77% | |
3 | 1 | UBS | 11.24% | |
4 | 3 | Citi | 8.14% | |
5 | 10 | Credit Suisse | 5.22% | |
6 | 6 | Bank of America | 4.93% | |
7 | 7 | Barclays | 4.88% | |
8 | 12 | XTX Markets | 4.75% | |
9 | 5 | HSBC | 4.55% | |
10 | 9 | State Street | 3.85% | |
11 | 30 | Sumitomo Mitsui Banking Corporation | 3.67% | |
12 | 13 | MUFG | 3.09% | |
13 | 8 | Goldman Sachs | 2.68% | |
14 | 11 | Nomura | 2.34% | |
15 | 14 | Standard Chartered | 1.90% | |
16 | 15 | Morgan Stanley | 1.79% | |
17 | 21 | NatWest | 1.39% | |
18 | 17 | Bank of New York Mellon | 1.27% | |
19 | 16 | Commerzbank | 1.25% | |
20 | 19 | BNP Paribas | 0.77% | |