Euromoney says: Citi retains its overall title with a remarkably consistent market share of 16.11% compared to 16.04% last year. This is despite upheavals in its management team, and the departure of a number of traders around the FX investigation.
A similar comment could be applied to Deutsche Bank, which retains second spot but loses a little ground to its main rival.
JPMorgan enters the top five overall for the first time since 2011. That rise is driven by jumps from sixth to third place in spot/forward, sixth to fourth in swaps, and fifth to second place in North America, but it still ranks a lowly ninth in options.
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UBS, which ranked as high as second place as recently as 2010, slips to fifth overall.
Hot on its heels is the fastest riser of the past three years, Bank of America Merrill Lynch, which rises to sixth overall, knocking HSBC down to seventh place. Competitors will say that BAML is at last punching close to its weight in FX. The US bank is growing market shares in many categories, and particularly in higher-risk areas of the market.