View the 2007 FX poll results now
Euromoney reveals the results of its global foreign exchange survey, which shows Deutsche Bank extending its lead over its rivals in terms of overall market share.
The full results, plus a complete methodology, are available online now to subscribers only at Euromoney FX Poll 2006.
Who's best where? Japan
Methodology (Free to access)
Deutsche Bank accounts for an astonishing 19.26% share of the global FX market, according to over 6,322 institutions that took part in this year’s survey. Total turnover accounted for by the survey was over $85 trillion.
Deutsche Bank increased its market share by 2.54 percentage points compared to the 2005 survey. UBS remains in second place, with a share of 11.86% -- down more than half a percentage point on 2005, despite more than doubling its volume from $4.9 trillion to almost $10 trillion.
Citigroup remained in third place overall, but was the most improved bank overall by market share, rising 2.89 percentage points to 10.39%. Citi was also the highest ranking bank overall for the quality of its FX research.
Other notable moves saw Royal Bank of Scotland break into the top five overall with a market of 6.43%, from 11th place last year; and Bank of America as the highest climber among the top 20 ranked banks overall, moving to 8th place from 16th last year.
The growing importance of leveraged funds in the FX market is demonstrating by the dramatic rise in the number of such funds participating, from 371 to 607 in absolute numbers, and from $13 trillion to $31 trillion by total turnover. Deutsche Bank has more than twice the market share of the second-placed firm in leveraged funds, Barclays Capital.
- Which banks have boosted their market share... and how?
- Whose e-commerce investment is paying off?
- Which firms are considered the best in research and analytics?
- Which banks have the greatest market share with client groups such as corporates, institutions, banks and hedge funds?
Find out now. Plus - read our analysis, with comments from some of the most senior foreign exchange bankers in the world. Discover how the top banks in the industry are adapting to new challenges and opportunities in this rapidly evolving market.
The full results, plus a complete methodology, are available online now to subscribers only at Euromoney FX Poll 2006.
If not, subscribe to Euromoney magazine and access the full results of the 2006 FX survey, and choose to be notified as soon as the new FX survey results are live.
Here is a snapshot example of the 2006 results database, searchable by rank, entity, score, previous rank, and displaying results across a broad range of categories:
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For more information about the poll, contact Andrew Newby, head of Euromoney research, at +44 7779 8694 or by email at anewby@euromoney.com
About Euromoney’s annual FX survey:
Now in its 28th year, the Euromoney FX survey is the pre-eminent poll of foreign exchange service providers. 6,322 institutions took part in this year’s survey. Treasurers, senior executives and research analysts worldwide rate the banks they use to conduct their currency transactions in terms of both transaction volumes and quality of service.
Categories include, but are not limited to:
Market share
Overall
By institution type
Non-financial corporations
Real money
Banks
Leveraged funds
By size of account
Over $250bn
$100bn to $250bn
$25bn to $100bn
$10bn to $25bn
$5bn to $10bn
Less than $5bn
By region: Western Europe; North America; Asia; Middle East; Central and Eastern Europe; Latin America; Caribbean; Australasia; Africa
E-trading market share
Proprietary platforms
Multi-bank and independent platforms
Most impressive approach
Who's best where? London; New York; Tokyo; Hong Kong; Singapore; Frankfurt; Paris; Sydney; Toronto
FX services
Accountancy for derivatives
Overall back office
Treasury outsourcing
FX prime brokerage
Tax and legal
Structured FX-linked products
Strategic risk management
Research
Economic fundamentals
Technical
Quantitative
Short-term research (<3 months)
Long-term research (>3 months)
Options and volatility
Flow research
Risk advisory and hedging
Tailor-made research
Forwards
Major (G20) currencies
Emerging market currencies
One year or less
Over one year
Options
Vanilla options
Trading strategy and new ideas
Consistent pricing
Exotic options
Trading strategy and new ideas
Consistent pricing
Structured FX option solutions
Most innovative hedging strategies
Best FX-linked products
Top ranked Japanese banks
Best for currencies: €/$; €/¥; €/£; $/¥; $/£
Australian dollar; Brazilian real; Canadian dollar; Chilean peso; Chinese yuan; Czech koruna; Danish krone; Hong Kong dollar; Hungarian forint; Icelandic króna; Indian rupee; Indonesian rupiah; Israeli shekel; Korean won; Mexican peso; New Zealand dollar; Norwegian krone; Philippine peso; Polish zloty; Russian rouble; Saudi riyal; Singapore dollar; South African rand; Swedish krona; Swiss franc; Taiwan (new) dollar; Thai baht; Turkish lira; UAE dirham
Single-bank online platforms
As rated 'very good' or 'excellent' by customers
Speed of execution
Quality of pricing
Post-trade services
Research and analytics
Prime brokerage
Options services
Multi-bank online platforms
As rated 'very good' or 'excellent' by customers
Speed of execution
STP
The full results, plus a complete methodology, are available online now to subscribers only at Euromoney FX Poll 2006.