FX Markets

Review of 2004 - June: Record breaking year for FX

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The top three and top 10, with total FX revenues of $4.4 billion and $9.8 billion respectively, also earned more than ever – and all this was with the loss of some big names in FX. Deutsche Bank was out of the ranking after it stopped revealing its FX revenues this year, and Bank One is off the list due to its disclosure policy ahead of its merger with JP Morgan Chase.

Citigroup once again topped the list, with $1.8 billion in FX-related revenues, followed by UBS ($1.4 billion), and

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