Citi remains top for FX trading

Citi Building Sign

European banks Deutsche Bank, Barclays and UBS have seen their market share in foreign exchange trading slump in the past year, as banks led by Citigroup grabbed business, according to widely watched industry rankings.

Reuters reports that Citigroup kept its top spot as the leading foreign exchange trading bank with a market share of 16.1%, up from 16% a year ago, according to the Euromoney FX Survey 2015.

Deutsche Bank and Barclays remained in second and third spots, but their market shares fell to 14.5% from 15.7% and to 8.1% from 10.9%, respectively.

UBS fell to fifth from fourth as its market share slumped to 7.3% from 10.9%, and HSBC dropped to seventh from fifth with a market share of 5.4% from 7.1% a year ago.

To access the complete Reuters article hit the link below:

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