Top banks' market share dips as clients pick e-trading
The top five's share declines to 50.9% in 2014, from 52.9% in 2013
The world's top foreign exchange-dealing banks have seen their market share slip as financial institutions and companies favour electronic execution, according to a study by consultancy Greenwich Associates.
The overall market share of the top five – Citi, Deutsche Bank, Barclays, UBS and JP Morgan – slipped to 50.9% of the $5.3 trillion-a-day market in 2014, compared with 52.9% a year earlier.
In 2014, three-quarters of customer-generated FX volumes were executed on electronic platforms, with
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