Will top FX banks continue to lose market share to regional banks


The FX technology arms race continues unabated, with the top banks jockeying for position in the global FX rankings.

Leading banks in the global FX business are highly innovative, with a deep understanding of their clients risk management requirements. They also have the ‘luxury of large budgets’ and correspondingly large and talented in-house technical competence required to develop and deploy highly sophisticated functionality spanning the full trade life cycle from pre-trade, execution, through to rich post trade reporting tools targeted to specific client segments.

It’s also the case, that Continue reading

EuroMoney 2011 FX Poll – some thoughts


SDP volumes continue to outstrip MDP volumes:

An interesting comment caught my eye in the EuroMoney 2011 FX poll that customers preferences are changing, and that whilst single dealer platform (SDP) volumes still exceeds multi dealer platform (MDP) volume, the gap is closing, and clients are starting to migrate to MDPs.

Still seems a decent gap to me! Continue reading

EuroMoney 2011 FX Poll results out!


EuroMoney 2011 FX polls results released.

Site very busy at moment, and may not respond.

Analysis to follow later, but here are the key headlines: Continue reading

Euromoney FX survey 2010: The chasing pack narrows (password required)


Very interesting article about the move toward foreign exchange markets becoming fully electronic. Comments from Deutsche Bank, UBS, Cit and HSBC. The article also comments about single-dealer platforms and internalization. Click here to view the full article on Euromoney.

EuroMoney FX survey 2010 results – some thoughts


EuroMoney has just released the results of the 2010 FX Survey (sorry it’s subscription based).

2010 FX Share Top 10 ranking (2009)

1. Deutsche Bank (1)
2. UBS (2)
3. Barclays Capital (3)
4. Citi (5)
5. RBS (4)
6. JPMorgan (6)
7. HSBC (7)
8. Credit Suisse (9)
9. Goldman Sachs (8)
10. Morgan Stanley (11)

The top 10 has almost remained the same, with one new entry (and some slight shuffling of the deckchairs) and for the 6th year running, the mighty Deutsche Bank tops the poll – which is an amazing record! I touched on the factors that separate the top players in an earlier post here

Continue reading