Biggest currency traders lose out to smaller firms

$1 bill Cut by Scissors

The world’s biggest currency traders have lost market share to smaller banks, according to Greenwich Associates.

Bloomberg News reports that the top five foreign-exchange dealers - Citigroup, Deutsche Bank, UBS, Barclays, JPMorgan - raked in 51% of client volume in 2014, down from 53% in 2013, the research company said in a report-based on a survey.

'While the loss of market share appears small, 2 percentage points in a market with turnover measured in the hundreds of trillions is a big deal', Greenwich consultant Woody Canaday said.

To access the complete Bloomberg News article hit the link below:

Citi, Deutsche Bank Lose Currency Trading Share, Greenwich Says

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