Bloomberg News

Deutsche Bank, UBS Lead Foreign-Exchange Trading, Greenwich Says

March 05, 2014

Deutsche Bank AG (DB:US) and UBS AG grabbed the biggest share of global currencies trading last year as the top four dealers tightened their grip on the $5.3 trillion-a-day market, Greenwich Associates said.

Frankfurt-based Deutsche, Germany’s largest bank that was also No. 1 in 2012, had a 12.4 percent share of the foreign-exchange market as of November, with UBS at 12.1 percent, according to a survey conducted between September and November 2013. Citigroup Inc. came in third with 11.7 percent, while Barclays Plc, the largest currency trader in the 2011 survey, had 10.5 percent.

The four lenders together captured 46.7 percent of market share in the U.S., up 6 percentage points from the previous period, Greenwich said.

Greenwich Associates, a research company based in Stamford, Connecticut, said it conducted interviews with 5,341 users of foreign exchange globally, of which 3,709 are top-tier accounts, for the survey.

To contact the reporter on this story: Andrea Wong in New York at awong268@bloomberg.net

To contact the editor responsible for this story: Dave Liedtka at dliedtka@bloomberg.net


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Companies Mentioned

  • DB
    (Deutsche Bank AG)
    • $30.72 USD
    • -0.68
    • -2.21%
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