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Citigroup Cutting into Deutsche Bank FX Market Share

Citigroup, Deutsche Bank, and Bank of America make gains as Asia-Pacific grows to 26 percent of global currency-market volume.

By Lucy Meakin | Updated on May 09, 2013

Citigroup Inc. cut Deutsche Bank AG’s lead as the biggest currency trader in a Euromoney Institutional Investor Plc poll, boosted by its larger share of emerging-market transactions.

Citigroup came second in the annual rankings with a 14.90 percent market share, trailing that of Deutsche Bank by 0.28 percentage point, the second-slimmest margin since the poll began in 1976, Euromoney said in an e-mailed statement. The New York-based lender had a 15.64 percent share of emerging-market foreign exchange, versus Deutsche Bank’s 13.46 percent. The top nine held their overall positions from last year and Bank of America Merrill Lynch took Goldman Sachs Group Inc.’s 10th spot.

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