Top 10 currency traders

When people think of trading in a market, with investments, they think of the stock market. While they think of people buying, selling, or trading stocks, they never think of people buying, selling, and trading currency. When people hear of a dollar or currency going up and down, or "gaining and losing" against another currency, they are hearing of the results of the forex market. The forex market is the foreign exchange market, where banks, other entities and other people buy and sell currency on a huge market. The 24 hour a weekday market is really three major markets; the US market, the UK market, and the Asian market. All of these markets work together to allow these companies and individuals to trade the currencies to make the most on their investments. While there are tons of organizations and individuals that trade daily, there are many powerhouses that control a majority of the trading. The top ten traders fall under three major categories; the US, the UK, and other countries.


% of overall volume, May 2008
Rank Name Volume
1 Flag of Germany Deutsche Bank 21.70%
2 Flag of Switzerland UBS AG 15.80%
3 Flag of the United Kingdom Barclays Capital 9.12%
4 Flag of the United States Citi 7.49%
5 Flag of the United Kingdom Royal Bank of Scotland 7.30%
6 Flag of the United States JPMorgan 4.19%
7 Flag of the United Kingdom HSBC 4.10%
8 Flag of the United States Lehman Brothers 3.58%
9 Flag of the United States Goldman Sachs 3.47%
10 Flag of the United States Morgan Stanley 2.86%

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