A €700 billion pool of maturing eurozone bank debt might be removed as a pillar of support for the euro if investors migrate into US credit markets.

The top five FX banks have increased their share of total market volume. Citi has made the biggest strides in the top five, rising two places to second and closing in on Deutsche Bank’s long-established top spot.

Citi remains the FX bank with the most wind in its sails and is now breathing down the neck of top-placed Deutsche Bank.

Every investment bank has spent huge investment dollars on FX since 2008. Now a shake out seems to be occurring. Banks with scale and budget are winning more share, but there are decent returns to be had for institutions of all sizes if they are focused.

The top five FX banks have increased their share of total market volume to 55%, and the top 10 banks now account for 78.5%. Citi has made the biggest strides in the top five, rising two places to second and closing in on Deutsche Bank’s long-established top spot.

Every investment bank has spent huge investment dollars on FX since 2008. Now a shake out seems to be occurring. Banks with scale and budget are winning more share, but there are decent returns to be had for institutions of all sizes if they are focused.

Every investment bank has spent huge investment dollars on FX since 2008. Now a shake out seems to be occurring. Banks with scale and budget are winning more share, but there are decent returns to be had for institutions of all sizes if they are focused.

The firm has moved up Euromoney’s FX rankings as it broadens its client base.

The Euromoney Foreign Exchange survey is the most comprehensive quantitative and qualitative annual study available on the FX markets. The FX market is an unregulated OTC market and there are no reliable, aggregated, global statistics made available against which to benchmark the survey outside the BIS studies. The survey also excludes a number of categories of market participant, which means that the total volume reported by the survey is not and not intended to be an accurate reflection of total global foreign exchange activity. Euromoney aims to capture client price-taking activity only. However, given the geographical and participant-type spread represented by the survey, Euromoney believes that the survey provides an accurate proxy for trends in the major areas of activity polled and accurately discerns the relative performance of the banks ranked, particularly over periods of two or more years.

The top five FX banks have increased their share of total market volume to 55%, and the top 10 banks now account for 78.5%. Citi has made the biggest strides in the top five, rising two places to second and closing in on Deutsche Bank’s long-established top spot.

Citi remains the FX bank with the most wind in its sails and is now breathing down the neck of top-placed Deutsche Bank.

null

The number of service providers for transaction cost analysis (TCA) in the FX markets is growing by the day, as more investors respond to the increasing requirement for price transparency in the processing of their FX transactions.

null

Offshore renminbi now $2.7 billion-a-day market; One hub for each time zone likely

Smaller budgets need not constrain smaller banks from using technology to improve the profitability of their FX franchise. A modest investment via the growing plurality of vendors, and reliable measurement techniques to establish the mark-to-market value of all client trades, means smaller-scale banks can often enhance revenues by up to 20% and remain competitive with their rivals, writes Justyn Trenner, chief executive officer of the ClientKnowledge.

EuromoneyFXNews reviews Tradeweb’s FX options matching platform, which was launched earlier this year and is the latest electronic platform to enter the multi-dealer FX derivatives space.