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May 10, 2011

Deutsche Bank tops Euromoney FX Poll for seventh consecutive year

Deutsche Bank has won first place overall in Euromoney’s annual FX survey for an unprecedented seventh year in a row, further cementing the Bank as the world’s leading FX franchise.

Deutsche Bank dominated the market share tables throughout the poll, taking first place in 10 of the 12 individual categories for product, client and geography. These included Asia, Australasia, Banks, Leveraged Funds, North America, Options, Real Money, Spot/Forward and Western Europe.

Anshu Jain, Head of CIB, said: “Extending this run of success is an outstanding result for our FX franchise, and has been achieved at a time when competition is as intense as ever.

Zar Amrolia, Head of FX, said: “Staying at No.1 for seven years has been about continuous innovation, a culture of excellence and long-term commitment to our clients.”

The results also emphasised the increasing importance of electronic trading in the FX market with overall volumes up 25% over last year and now accounting for over 56% of all foreign exchange business. Deutsche Bank was voted this year’s clear market leader in E-Trading with a 17.1% market share, 5% above its nearest rival in this crucial area.

This year’s survey saw a rise in number of respondents, 13,039, up 11.4% on last year, which indicates the importance of survey to the world’s major FX providers. Five years ago, the survey had 6,101 respondents.


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