Deutsche Bank AG (DB:US) had the biggest share of the global foreign-exchange market as of November, followed by Citigroup (C:US) Inc., UBS AG (UBSN) and Barclays Plc (BARC), Greenwich Associates said.
Frankfurt-based Deutsche, Germany’s largest bank, had a 10.7 percent share of the foreign-exchange market, according to a survey conducted between September and November 2012. It was followed by Citigroup at 10.1 percent, UBS (UBS:US) at 10 percent and Barclays at 9.7 percent, a statistical tie, Greenwich Associates said. Barclays was the largest currency trader in the 2011 survey.
Citigroup was the No. 1 dealer for corporate entities, while Deutsche 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 2,661 end-user corporate and institutional customers.
To contact the reporter on this story: John Detrixhe in New York at email@example.com
To contact the editor responsible for this story: Dave Liedtka at firstname.lastname@example.org