Page 51 - Bank Case Studies
P. 51
Functions of the foreign exchange market
Two functions:
A: Converting currencies
B: Reducing risk
Top 10 Currency traders
% of overall volume, May 2014
Rank Name Market share
1 16.04%
Citi
2 15.67%
Deutsche Bank
3 0.91%
Barclays Investment Bank
4 10.88
UBS AG
5 7.12
HSBC
6 5.55
JPMorgan
7 4.38
Bank of America Merrill Lynch
8 3.25
Royal bank of Scotland
9 3.10
BNP Paribas
10 2.53
Goldman Sachs
