Asiamoney FX Survey 2020
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PollsForeign Exchange Survey

Asiamoney FX Survey 2020

Asiamoney’s FX rankings, derived from Euromoney’s flagship global FX survey, identify the leading providers of foreign exchange trading services. We asked more than 1,500 of their clients to tell us the best in the business – and these firms came out on top

Asia Market Leaders

APAC

Rank Counterparty Market Share %
1 UBS 11.50%
2 JPMorgan 9.88%
3 Bank of America 9.44%
4 Citi 8.76%
5 Deutsche Bank 7.24%
6 HSBC 5.71%
7 Goldman Sachs 5.55%
8 Nomura 5.15%
9 XTX Markets 4.99%
10 Barclays 4.29%
     

Australia

Rank Counterparty Market Share %
1 XTX Markets 17.20%
2 UBS 13.96%
3 HSBC 11.29%
4 Deutsche Bank 8.74%
5 Citi 7.49%
     

China

Rank Counterparty Market Share %
1 Bank of New York Mellon 56.52%
2 Bank of America 38.73%
     

Hong Kong (SAR) 

Rank Counterparty Market Share %
1 HSBC 18.25%
2 Bank of America 15.33%
3 Bank of New York Mellon 12.36%
4 UBS 10.03%
5 Barclays 8.87%
     

India

Rank Counterparty Market Share %
1 Deutsche Bank 21.94%
2 Bank of America 13.02%
3 BNP Paribas 11.78%
4 Standard Chartered 7.92%
5 HSBC 6.20%
     

Indonesia

Rank Counterparty Market Share %
1 CIMB 25.17%
2 Bank Mandiri 15.46%
3 Bank Rakyat Indonesia 12.00%
4 OCBC Bank 8.55%
5 DBS Bank 6.49%
     

Indonesia (Asian Banks)

Rank Counterparty Market Share %
1 CIMB 25.17%
2 OCBC Bank 8.55%
3 DBS Bank 6.49%
     

Japan

Rank Counterparty Market Share %
1 UBS 11.98%
2 Citi 11.43%
3 JPMorgan 10.56%
4 Nomura 8.55%
5 Bank of America 8.53%
     

Japan (Asian Banks)

Rank Counterparty Market Share %
1 Nomura 8.55%
2 MUFG 4.18%
3 Mizuho Financial Group 1.08%
     

Malaysia

Rank Counterparty Market Share %
1 Deutsche Bank 38.14%
2 CIMB 37.33%
3 Citi 6.19%
4 Maybank 3.43%
5 JPMorgan 2.87%
     

Malaysia (Asian Banks)

Rank Counterparty Market Share %
1 CIMB 37.33%
2 Maybank 3.43%
3 RHB Bank 1.92%
     

Philippines

Rank Counterparty Market Share %
1 Security Bank 14.10%
2 BDO Unibank 12.45%
3 JPMorgan 9.10%
4 Standard Chartered 7.01%
5 Metrobank 6.84%
     

Philippines (Asian Banks)

Rank Counterparty Market Share %
1 Security Bank 14.10%
2 BDO Unibank 12.45%
3 Metrobank 6.84%
     

Singapore

Rank Counterparty Market Share %
1 JPMorgan 20.87%
2 UBS 14.37%
3 Bank of America 12.22%
4 Deutsche Bank 11.56%
5 Standard Chartered 9.48%
     

South Korea

Rank Counterparty Market Share %
1 State Street 37.91%
2 Bank of America 30.66%
3 HSBC 6.29%
4 KB Financial Group 5.22%
5 DGB Financial Group 3.02%
     

South Korea (Asian Banks)

Rank Counterparty Market Share %
1 KB Financial Group 5.22%
2 DGB Financial Group 3.02%
3 Shinhan Financial Group 2.12%
     

Taiwan

Rank Counterparty Market Share %
1 State Street 31.21%
2 Bank of America 17.33%
3 UBS 10.93%
4 Bank of New York Mellon 10.80%
5 Citi 8.90%
     

Thailand

Rank Counterparty Market Share %
1 State Street 51.62%
2 Bank of America 16.20%
3 CIMB 5.03%
4 HSBC 4.94%
5 Credit Agricole 4.84%
     

Thailand (Asian Banks)

Rank Counterparty Market Share %
1 CIMB 5.03%
2 Krung Thai Bank 4.78%
3 Siam Commercial Bank 4.44%
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