Among the key findings:
JPMorgan retains the top ranking
The overall unadjusted volume is $121.1 trillion – the highest volume recorded since 2015
Among the top 10, only one firm keeps its 2018 position
Deutsche Bank jumps from 8th to 2nd place
Bank of America Merrill Lynch drops from 4th to 9th place
The top 5 maintain a global market share of 40%
Detailed information:
Top 10 overall market share:
| Global Market Share | |||
| Overall Volume (Adjusted SWAPS*) | |||
| Rank 2019 | Rank 2018 | Counterparty | Market share 2019 |
| 1 | 1 | JPMorgan | 9.81% |
| 2 | 8 | Deutsche Bank | 8.41% |
| 3 | 5 | Citi | 7.87% |
| 4 | 3 | XTX Markets | 7.22% |
| 5 | 2 | UBS | 6.63% |
| 6 | 10 | State Street | 5.50% |
| 7 | 13 | HCTech | 5.28% |