Smaller market players are gaining momentum with XTX Markets becoming the first non-bank LP making it into the top 10.
Citigroup has continued to hold the top ranking amongst currency trading companies in 2016 according to this year’s Euromoney Foreign Exchange survey. Aside from this, the changes across the table have been substantial.
The market share of the top 5 global banks for foreign exchange trading has decreased to 44.7 per cent of the volume. This marks a continuation of their decline after a peak of 61.5 per cent in 2009. Looking at the institutions which have ranked from 6th to 10th spot, their market share totaled about 22 per cent, a figure which is consistent with previous years.
For the first time ever, we are seeing a non-bank Liquidity provider in the top 10. XTX Markets managed to take away 3.87 per cent of the market share and ranked 9th, just before Morgan Stanley, which entered the top 10 after ranking 13th last year. XTX Markets was not even within the survey last year.
According to Zar Amrolia, Co-CEO at XTX Markets, in a recent statement on the findings, “We absolutely do not replace banks: banks will always be crucial for their full-service client relationships. We simply help the banks that we partner with do one part of their value chain more efficiently and profitably."
Other non-bank companies that made it into Euromoney’s FX Rankings this year and are ranked within the top 50 are Tower Research Capital, Jump Trading, Virtu Financial, Lucid Markets and Citadel Securities.
Deutsche Bank Woes Hit its FX Unit
Looking at the biggest decliners, the fortunes of Deutsche Bank have dropped dramatically with the company’s market share collapsing from 14.5 per cent in the 2015 survey to 7.9 per cent this year. Some of the company’s debt securities which have been widely sold off at the beginning of 2016 have been downgraded by Moody’s to two notches above junk status earlier this week.
The most alarming part of the results for Deutsche Bank is that its market share has almost halved within the past year. The biggest German lender previously held the top spot in the Euromoney Annual Survey of the foreign exchange market between 2005 and 2013.
Citi Extends Lead at the Top, JP Morgan Jumps into 2nd
Citigroup has managed to increase its lead over the second spot ranking JPMorgan which climbed from fourth spot in 2015 despite the overall decline in its market share, that declined to 12.91 per cent from 16.11 per cent last year.
JPMorgan leaped into second spot and has actually increased its market share from 7.65 per cent to 8.77%. The US bank has performed particularly well in the leveraged fund category where it held 18 per cent of the market. Looking at the electronic markets survey, the company jumped into second spot from fifth.
Citigroup has continued to hold the top ranking amongst currency trading companies in 2016 according to this year’s Euromoney Foreign Exchange survey. Aside from this, the changes across the table have been substantial.
The market share of the top 5 global banks for foreign exchange trading has decreased to 44.7 per cent of the volume. This marks a continuation of their decline after a peak of 61.5 per cent in 2009. Looking at the institutions which have ranked from 6th to 10th spot, their market share totaled about 22 per cent, a figure which is consistent with previous years.
For the first time ever, we are seeing a non-bank Liquidity provider in the top 10. XTX Markets managed to take away 3.87 per cent of the market share and ranked 9th, just before Morgan Stanley, which entered the top 10 after ranking 13th last year. XTX Markets was not even within the survey last year.
According to Zar Amrolia, Co-CEO at XTX Markets, in a recent statement on the findings, “We absolutely do not replace banks: banks will always be crucial for their full-service client relationships. We simply help the banks that we partner with do one part of their value chain more efficiently and profitably."
Other non-bank companies that made it into Euromoney’s FX Rankings this year and are ranked within the top 50 are Tower Research Capital, Jump Trading, Virtu Financial, Lucid Markets and Citadel Securities.
Deutsche Bank Woes Hit its FX Unit
Looking at the biggest decliners, the fortunes of Deutsche Bank have dropped dramatically with the company’s market share collapsing from 14.5 per cent in the 2015 survey to 7.9 per cent this year. Some of the company’s debt securities which have been widely sold off at the beginning of 2016 have been downgraded by Moody’s to two notches above junk status earlier this week.
The most alarming part of the results for Deutsche Bank is that its market share has almost halved within the past year. The biggest German lender previously held the top spot in the Euromoney Annual Survey of the foreign exchange market between 2005 and 2013.
Citi Extends Lead at the Top, JP Morgan Jumps into 2nd
Citigroup has managed to increase its lead over the second spot ranking JPMorgan which climbed from fourth spot in 2015 despite the overall decline in its market share, that declined to 12.91 per cent from 16.11 per cent last year.
JPMorgan leaped into second spot and has actually increased its market share from 7.65 per cent to 8.77%. The US bank has performed particularly well in the leveraged fund category where it held 18 per cent of the market. Looking at the electronic markets survey, the company jumped into second spot from fifth.
Devexperts Teams Up with nuam Exchange to Boost Equity and Derivatives Trading
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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