Deutsche Bank Is Top Currency Trader, Greenwich Associates Says

Deutsche Bank AG (DB) had the biggest share of the global foreign-exchange market as of November, followed by Citigroup (C) Inc., UBS AG (UBSN) and Barclays Plc (BARC), Greenwich Associates said.

Frankfurt-based Deutsche, Germany’s largest bank, had a 10.7 percent share of the foreign-exchange market, according to a survey conducted between September and November 2012. It was followed by Citigroup at 10.1 percent, UBS (UBS) at 10 percent and Barclays at 9.7 percent, a statistical tie, Greenwich Associates said. Barclays was the largest currency trader in the 2011 survey.

Citigroup was the No. 1 dealer for corporate entities, while Deutsche led among financial-service institutions such as hedge funds and insurance companies.

Greenwich Associates, a research company based in Stamford, Connecticut, tracks foreign-exchange trading volume among 2,661 end-user corporate and institutional customers.

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