Deutsche Bank, UBS Lead Foreign-Exchange Trading, Greenwich Says
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Deutsche Bank AG and UBS AG grabbed the biggest share of global currencies trading last year as the top four dealers tightened their grip on the $5.3 trillion-a-day market, Greenwich Associates said.
Frankfurt-based Deutsche, Germany’s largest bank that was also No. 1 in 2012, had a 12.4 percent share of the foreign-exchange market as of November, with UBS at 12.1 percent, according to a survey conducted between September and November 2013. Citigroup Inc. came in third with 11.7 percent, while Barclays Plc, the largest currency trader in the 2011 survey, had 10.5 percent.