Friday, May 4, 2007

Deutsche Bank Holds Lead as Top Currency Trader, UBS Closes Gap in Second

(Bloomberg) -- Deutsche Bank AG held its lead as the biggest foreign-exchange bank in the $1.9 trillion-a-day currency market for a third straight year, while UBS AG narrowed the gap, according to a Euromoney survey.

Frankfurt-based Deutsche Bank, Europe's biggest securities firm, had a 19.3 percent share of currency dealings between banks and customers, little changed from a year ago, the survey showed. UBS raised its share to 14.9 percent, from 11.9 percent.


Read more at Bloomberg Currencies News

No comments: