Deutsche Bank is leading the market, 6th year in a row

At least according to Euromoney. I wrote about their methodology, which I don’t find very accurate, once before but honestly

At least according to Euromoney. I wrote about their methodology, which I don’t find very accurate, once before but honestly it’s not worse than my own retail volumes survey which mostly relies on what I know and hear (and it’s not always hard facts).

Deutsche Bank (DBKGn.DE) is the biggest player in the foreign exchange market for the sixth year running, accounting for nearly a fifth of all interbank business, Euromoney magazine said on Friday.

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Deutsche’s share of the market dipped to 18.06 percent this year from 20.96 percent the previous year, having set a record 21.7 percent in 2008. Deutsche’s share still stood 6.8 percentage points more than its nearest rival, Swiss bank UBS (UBSN.VX).

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The combined share of the top 10 fell to 77.16 percent from 79.7 percent.

There were 11,716 votes in the poll, Euromoney said.

Ranking % Mkt share (2009 ranking)

  1. Deutsche Bank 18.06 (1)
  2. UBS 11.30 (2)
  3. Barclays Capital 11.08 (3)
  4. Citi 7.69 (5)
  5. RBS 6.50 (4)
  6. JP Morgan 6.35 (6)
  7. HSBC 4.55 (7)
  8. Credit Suisse 4.44 (9)
  9. Goldman Sachs 4.28 (8)
  10. Morgan Stanley 2.91 (11)
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