Citigroup Retains Currency-Trading Crown as Deutsche Bank Slides
- JPMorgan is No. 2, UBS is No. 3 in Euromoney magazine survey
- Trading volume falls 23 percent as big banks lose market share
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Citigroup Inc. is the world’s largest currency trader by market share, according to a Euromoney Institutional Investor Plc survey, the third straight year the New York-based bank has led the rankings.
Citigroup took a 12.9 percent market share, followed by JPMorgan Chase & Co. and UBS Group AG. Deutsche Bank AG, which was second in the rankings last year, fell to fourth place, Euromoney said in a statement. Trading volume fell 23 percent from last year, and the top five banks’ share of the market plummeted to an all-time low.