Top five FX dealers lose market share, but maintain dominance
Citi, Deutsche, UBS, Barclays and JP Morgan lead
The market share of the five biggest banks in foreign exchange slipped in 2014, as their smaller rivals gained ground, but they still control more than half of total flows, according to research from consultancy Greenwich Associates.
Citi, Deutsche bank, UBS, Barclays and JP Morgan collectively saw 51% of all customer flows in the $5.3 trillion-per-day FX market, maintaining their dominant grip on currencies trading. But the figure is down from 53% in 2013, as technology allowed lower-ranked
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