Top 10 Command 59 Per Cent Of Global Forex Marketshare
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LONDON--At the half-year stage, the FX Week Top 45 ranking of international FX reporting banks shows revenues of $7.668 billion, about a 39 per cent year-on-year increase. The top 10 forex providers earned $4.54 billion of this total, or 59 per cent of the market. This compares to the 53 per cent marketshare held by the top banks at full-year 1997 (FXW, June 1).
Citibank leads the pack as usual, with $814 million in FX revenues for the period, but the new UBS is hot on its heels, with $634.9
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