Bloomberg News

Barclays Tops Deutsche Bank in Currency Market, Greenwich Says

April 16, 2012

Barclays Plc (BARC) bested Deutsche Bank (DB:US) AG as the world’s largest currency trader by market share as of November, according to a Greenwich Associates survey.

Barclays, the U.K.’s second-biggest bank by assets, controlled 10.5 percent of the foreign-exchange market in the global survey conducted between September and November 2011, followed by Deutsche Bank with 9.8 percent, Citigroup (C:US) Inc. with 9.3 percent, UBS AG (UBSN) with 8.2 percent, HSBC Holdings Plc (HSBA) with 7.6 percent and JPMorgan Chase & Co. (JPM:US) with 7.5 percent. Deutsche Bank held the top spot in the previous study, with 10.7 percent of global flows.

Citigroup was the No. 1 dealer for corporate entities while Barclays led among financial-service institutions such as hedge funds and insurance companies.

Greenwich Associates, a research company based in Stamford, Connecticut, tracks foreign-exchange trading volume among 1,632 end-user corporate and institutional customers. Volume figures calculated in its research exclude inter-bank and other trades between market counterparties. Greenwich Associates said it also generally excludes short dated roll-over trades in its official customer trading calculations.

To contact the reporter on this story: Allison Bennett in New York at

To contact the editor responsible for this story: Dave Liedtka at

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Companies Mentioned

  • DB
    (Deutsche Bank AG)
    • $30.6 USD
    • 0.74
    • 2.42%
  • C
    (Citigroup Inc)
    • $50.07 USD
    • 0.32
    • 0.64%
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