Euromoney 2020 FX Survey Shows JPMorgan Retains Leading Position

Euromoney has released its annual foreign exchange (forex) survey for 2020, revealing who is on top in terms of market share, which company has the highest customer satisfaction, and more.

The FX 2020 survey from Euromey is the 42nd annual survey of Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term consumption within the global FX markets. According to the results, JPMorgan has retained its leading position in terms of volume for the third consecutive year, with a 10.78 percent market share.

UBS, which had the 5th largest market share in 2019, has taken out the second spot in the 2020 survey, with 8.13 percent market share. In third place is XTX Markets, with 7.58 percent share and Deutsche Bank in fourth place with 7.38 percent.

In terms of customer satisfaction (CSAT) rankings, State Street has returned to the top of the market. However, in terms of market share, the American financial services company was in ninth place, with 4.61 percent of the market.

Euromoney: Refinitiv tops market share for multi-dealer platform

Unsurprisingly, Refinitiv has come out in first place for the multi-dealer platform volume ranking. Furthermore, the company has also taken out gold in terms of customer satisfaction for these platforms, the Euromoney survey shows.

In the 2019 FX survey, Citi was ranked as third for global market share. In 2020, however, the bank’s ranking has slipped down to fifth place at 5.50 percent. Nonetheless, the company did win “Ability in EM Currencies (Combined),” which is a new set of categories in the CSAT element.

“The Euromoney Foreign Exchange Survey is the most comprehensive quantitative and qualitative annual study available on the FX markets. The 2020 Euromoney FX Survey was the 42nd annual survey of liquidity consumption within the global FX markets conducted by Euromoney,” Euromoney said in a statement on its website last week.

For the 2020 survey published on the 25th of June, Euromoney received 1,596 valid responses from consumers of FX liquidity. These responses represent a total FX consumption of $104.2 trillion in the calendar year 2019. Total response excluding short-dated Swaps Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Read this Term was 1,585, which equals a total FX consumption of $80.53 trillion.