Results of the 31st annual Euromoney FX poll will be made public 6 May 2009. This is the largest and most representative poll to date. We received 12,150 valid votes this year, up from 9,810 in 2008, an increase of 23.9%.
Two new entrants into the Top 10
Five positional changes within the Top 10
| Regional/institution type breakdowns Region |
|
| Region name | By turnover |
| Western Europe | 50.19% |
| North America | 26.98% |
| Asia | 14.54% |
| Central and eastern Europe | 3.91% |
| Australasia | 1.72% |
| Middle East | 1.42% |
| Latin America | 0.81% |
| Africa | 0.24% |
| Caribbean | 0.19% |
| Size | |
| Range name | By turnover |
| Over $250bln | 48.91% |
| $100bln to $250bln | 20.62% |
| $25bln to $100bln | 20.22% |
| $10bln to $25bln | 5.45% |
| Less than $5bln | 2.72% |
| $5bln to $10bln | 2.08% |
Euromoney collects data for its annual FX survey by polling named individuals at industrial and commercial corporations, financial institutions, institutional investors and state agencies. We received 12,150 valid votes this year, up from 9,810 in 2008, an increase of 23.9%. Total business placed with FX providers totaled 175.3trn US Dollars.
PART 1
Overall ranking by market share: based on the total volume of FX business placed annually with each bank. To obtain this figure, we asked respondents to estimate the proportion of their total annual FX dealings placed with their 10 top counterparties.
Most improved overall market share: based on year-on-year percentage change in total reported bank turnover. Any bank with a turnover less than $100bn in the 2008 survey was excluded. Banks with a low absolute volume reported in last year’s survey could see a substantial improvement in 2008 turnover and market share based just one or two extra votes in the 2009 survey. For breakdowns of improved market share by institutional type, client size and region, a 2008 floor of $50bn per bank was applied.
Most improved ranking for overall market share: Biggest improvement in ranking for overall market share of any bank with 2008 turnover greater than $100bn.
Total business placed with each service provider across all questionnaires received was then divided by total business on all questionnaires to arrive at a market share figure.
PART 2
Category rankings: The ranking will be the raw average of all the ratings (from 1-7 where 1=v poor 7=excellent) given to a bank for that individual category. To qualify in these categories, banks need to receive votes from a certain % of the total responses to each category.
PART 3
Currency pair nominations: These results are compiled on a points system of 4:3:2 for first, second and third place respectively. They are NOT weighted according to volume.
FX poll 2009: Embattled banks boosted by performance in booming FX markets