Asiamoney FX Survey 2019
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Asiamoney FX Survey 2019

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

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

APAC

Rank 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%
     

China

Rank 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%
     

China (Asian Banks)

Rank Counterparty Market Share %
1 Bank of China 1.50%
     

Hong Kong

Rank 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%
     

India

Rank 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%
     

India (Asian Banks)

Rank Counterparty Market Share %
1 State Bank of India 2.91%
2 Axis Bank 2.88%
3 Yes Bank 1.10%
     

Indonesia

Rank Counterparty Market Share %
1 CIMB 19.96%
2 Bank Central Asia 16.45%
3 Standard Chartered 3.44%
     

Indonesia (Asian Banks)

Rank Counterparty Market Share %
1 CIMB 19.96%
2 Bank Central Asia 16.45%
     

Japan

Rank 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%
     

Japan (Asian Banks)

Rank Counterparty Market Share %
1 SMBC 7.10%
2 Nomura 4.67%
3 MUFG 3.62%
     

Korea

Rank 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%
     

Korea (Asian Banks)

Rank Counterparty Market Share %
1 Mizuho Financial Group 3.98%
2 Korea Development Bank 3.21%
3 Shinhan Bank 2.07%
     

Malaysia

Rank Counterparty Market Share %
1 Standard Chartered 46.74%
2 CIMB 13.32%
3 Maybank 6.67%
4 Citi 3.96%
5 UOB 2.94%
     

Malaysia (Asian Banks)

Rank Counterparty Market Share %
1 CIMB 13.32%
2 Maybank 6.67%
3 UOB 2.94%
     

Philippines

Rank 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%
     

Philippines (Asian Banks)

Rank Counterparty Market Share %
1 Chinabank 6.98%
2 Security Bank 5.85%
3 BDO Unibank 4.91%
     

Singapore

Rank 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%
     

Taiwan

Rank 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%
     

Thailand

Rank 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%
     

Thailand (Asian Banks)

Rank Counterparty Market Share %
1 CIMB 13.29%
2 Siam Commercial Bank 4.89%
3 Kasikornbank 4.20%
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