Top 10 Forex Providers Command 55 Per Cent Of Top 50 Marketshare


London--Among the Top 50 global forex providers ranked by FX Week according to reported FX trading revenues for 1997, 55 per cent of total earnings for the year are held by the top 10 banks--while the share among the second tier drops by more than half. Within the first tier, the top two providers, Citibank and HSBC Midland, each earned in excess of $1 billion in annual forex trading revenues.

FX trading revenues among the international reporting banks for 1997 totalled $13.95 billion, $7.5 b