Biggest currency traders lose out to smaller firms

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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