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Polls

Asiamoney FX Survey 2019

Find out which counterparties rank top in the Euromoney-Asiamoney FX Survey

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Asiamoney’s FX rankings are derived from the votes collected in Euromoney’s global FX Survey which ran from January 16 to March 7, 2019. The survey received 1,966 valid responses from consumers of FX liquidity representing total FX consumption of $121.1 trillion in the calendar year 2018. Asiamoney ranked the top five counterparties and top three Asian counterparties in 11 different Asian jurisdictions as part of our 41st annual survey of liquidity consumption in the global FX markets.


Asia Market Leaders

Market Share
APAC
Rank 2019 Counterparty Market Share %
1 JPMorgan 11.45%
2 Bank of America Merrill Lynch 10.09%
3 UBS 9.35%
4 Citi 7.90%
5 Deutsche Bank 6.40%
6 XTX Markets 6.12%
7 HSBC 6.00%
8 Goldman Sachs 5.79%
9 Standard Chartered 4.04%
10 SMBC 3.99%
Bank to top
China
Rank 2019 Counterparty Market Share %
1 Bank of America Merrill Lynch 44.39%
2 Standard Chartered 14.54%
3 Bank of New York Mellon 8.64%
4 HSBC 3.66%
5 Bank of China 1.50%
Bank to top
China (Asian Banks)
Rank 2019 Counterparty Market Share %
1 Bank of China 1.50%
Bank to top
Hong Kong
Rank 2019 Counterparty Market Share %
1 Bank of America Merrill Lynch 11.39%
2 Deutsche Bank 10.51%
3 XTX Markets 9.39%
4 HSBC 7.95%
5 Standard Chartered 7.88%
Bank to top
India
Rank 2019 Counterparty Market Share %
1 Standard Chartered 38.72%
2 JPMorgan 12.04%
3 BNP Paribas 11.15%
4 Citi 4.94%
5 State Bank of India 2.91%
Bank to top
India (Asian Banks)
Rank 2019 Counterparty Market Share %
1 State Bank of India 2.91%
2 Axis Bank 2.88%
3 Yes Bank 1.10%
Bank to top
Indonesia
Rank 2019 Counterparty Market Share %
1 CIMB 19.96%
2 Bank Central Asia 16.45%
3 Standard Chartered 3.44%
Bank to top
Indonesia (Asian Banks)
Rank 2019 Counterparty Market Share %
1 CIMB 19.96%
2 Bank Central Asia 16.45%
Bank to top
Japan
Rank 2019 Counterparty Market Share %
1 JPMorgan 14.40%
2 Citi 11.63%
3 UBS 11.44%
4 Bank of America Merrill Lynch 10.41%
5 Goldman Sachs 7.77%
Bank to top
Japan (Asian Banks)
Rank 2019 Counterparty Market Share %
1 SMBC 7.10%
2 Nomura 4.67%
3 MUFG 3.62%
Bank to top
Korea
Rank 2019 Counterparty Market Share %
1 State Street 38.84%
2 Standard Chartered 8.04%
3 HSBC 5.93%
4 Bank of America Merrill Lynch 4.42%
5 Mizuho Financial Group 3.98%
Bank to top
Korea (Asian Banks)
Rank 2019 Counterparty Market Share %
1 Mizuho Financial Group 3.98%
2 Korea Development Bank 3.21%
3 Shinhan Bank 2.07%
Bank to top
Malaysia
Rank 2019 Counterparty Market Share %
1 Standard Chartered 46.74%
2 CIMB 13.32%
3 Maybank 6.67%
4 Citi 3.96%
5 UOB 2.94%
Bank to top
Malaysia (Asian Banks)
Rank 2019 Counterparty Market Share %
1 CIMB 13.32%
2 Maybank 6.67%
3 UOB 2.94%
Bank to top
Philippines
Rank 2019 Counterparty Market Share %
1 Standard Chartered 16.72%
2 Chinabank 6.98%
3 Security Bank 5.85%
4 BDO Unibank 4.91%
5 Bank of the Philippine Islands 1.84%
Bank to top
Philippines (Asian Banks)
Rank 2019 Counterparty Market Share %
1 Chinabank 6.98%
2 Security Bank 5.85%
3 BDO Unibank 4.91%
Bank to top
Singapore
Rank 2019 Counterparty Market Share %
1 HSBC 14.63%
2 Deutsche Bank 14.09%
3 UBS 11.51%
4 Standard Chartered 11.35%
5 Nomura 9.65%
Bank to top
Taiwan
Rank 2019 Counterparty Market Share %
1 State Street 24.63%
2 Bank of America Merrill Lynch 19.24%
3 Standard Chartered 14.30%
4 Deutsche Bank 11.19%
5 HSBC 6.13%
Bank to top
Thailand
Rank 2019 Counterparty Market Share %
1 Bank of America Merrill Lynch 18.97%
2 CIMB 13.29%
3 Siam Commercial Bank 4.89%
4 Kasikornbank 4.20%
5 Bangkok Bank 2.97%
Bank to top
Thailand (Asian Banks)
Rank 2019 Counterparty Market Share %
1 CIMB 13.29%
2 Siam Commercial Bank 4.89%
3 Kasikornbank 4.20%
Bank to top
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