The Euromoney FX Survey 2018 is our 40th annual survey of liquidity consumption in the global FX markets.

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Adherence to the FX Global Code has gained momentum ahead of the one-year deadline on Friday, but senior traders are concerned the buy side is less committed than the sell side.

Banks are having to pedal back on big ambitions and focus instead on core competencies, but that could be positive for all.

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Euromoney magazine has released the results of its 40th annual foreign exchange ranking, the most comprehensive quantitative and qualitative annual study available on the FX markets.

…if you’re big, fast or specialized in modern foreign exchange. That has led to dramatic changes in the volume-based rankings in our annual survey. Meanwhile, new customer satisfaction ratings give a different insight into the banks’ relationships with their clients.

This year for the first time, Euromoney has produced the FX Stars, which recognizes liquidity providers with exceptional qualitative ratings in particular regions and areas of client service.

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Non-financial corporations Real money Banks Leveraged funds FX trading platforms

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Charting the evolution of the FX industry.

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View results of the Euromoney FX Survey 2017 here.

The top firms this year look like they haven’t moved in 18 years. How can nearly two decades of upheaval appear to have altered the rankings so little in Euromoney’s foreign exchange survey?

Overall market share Overall banks only Overall non-bank liquidity providers only Spot/forward market share Swap market share Options market share Emerging market currencies market share

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The FX industry has moved on from the fixing scandal and now wants to write its next chapter, underpinned by a new code of conduct. But liquidity remains fragile, volume is down and further challenges lie ahead.

Euromoney magazine has released the results of its 39th annual foreign exchange ranking, the most comprehensive quantitative and qualitative annual study available on the FX markets.

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What next for the FX market?

The Euromoney FX Survey 2017 is our 39th annual survey of liquidity consumption in the global FX markets.

Euromoney’s FX Survey uncovered sweeping changes in market structure and client behaviour during the past year.

Results index More data .

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