SingleDealer platforms reports that: “After nine years as #1 FX bank in the world, the ‘Mighty Deutsche’ has finally been toppled by Citigroup, who have been steadily gaining market share since 2008, and as the chart below shows it was only a matter of time before Citi overtook Deutsche.

Key findings from the EuroMoney 2014 survey:

• Citi takes 1st place, with a market share of 16.04% (up from 14.9% in 2013) and more than doubling its 7.49% share from 2008. 
• BAML sees largest gain in market share of top 50 up 1.3% to 4.38% (3.08% in 2013)
• RBS sees biggest fall in market share of top 50 down -2.37% to 3.25% (5.62% in 2013)
• Share of top 5 banks shows largest increase up 3.26% to 62.62% (57.36% in 2013)
• Share of lower ranked banks from 16-50 gain share, whilst banks ranked 6-15 lose market share.

Top 12 bank ratings

SingleDealer platforms  believe that “the EuroMoney survey is still the most comprehensive and widely watched in the industry, and although a few banks have stopped lobbying clients to vote for them, I have no doubt that top ten or so banks,  a  fair number of bank e-commerce promotions are still decided by achieving, defending or missing key ranking positions.” See table:

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