JPMorgan Chase & Co. won the title of world’s largest currency trader by market share, ending Citigroup Inc.’s four-year run at the top, according to a Euromoney Institutional Investor Plc survey that featured a new methodology.
JPMorgan took a 12.1 percent share, up from 10.3 percent last year. UBS Group AG came in second with 8.3 percent, and XTX Markets placed third, with 7.4 percent. XTX, a computerized trading firm, made waves by vaulting into the top 10 in 2016. In this year’s survey, XTX was ranked second in Western Europe by regional market share and globally was only surpassed by JPMorgan in overall electronic trading.