The results of Euromoney's 2015 FX survey* [http://www.euromoney.com/Article/3455276/Euromoney-FX-survey-2015-results-revealed.html] suggest that Citi is the world's leading foreign exchange bank by total volume. 

Citi retains the top spot, with 16.11 per cent of market share, ahead of Deutsche Bank with 14.54 per cent. Barclays, JPMorgan and UBS came in third, fourth and fifth positions respectively, while Bank of America Merrill Lynch and HSBC were sixth and seventh for overall FX volumes.

HSBC first for corporates 

However, HSBC ranked number one for corporate client flows for the first time in its history with a market share of 8.94%. According to Euromoney, this is the first time that a bank other than Citi has topped the corporate table since the survey began in 1976. 

Electronic trading

The survey also found that electronic trading now accounts for 53.2 per cent of FX deals. This is the first time e-trading has exceeded 50%. Citibank and Deutsche Bank have a combined share of almost 35% in electronic trading for clients.

Asia share

Another finding from the survey is that Asia now represents over 30 per cent of the market.

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* The 2015 Euromoney FX Survey is in its 37th year and was conducted from 22 January to 3 April, 2015. It was based on 3,794 responses from consumers of FX liquidity, representing total FX consumption of $123.6 trillion in calendar year 2014.