Top 10 Hold 53 Per Cent Of Top 50 Market Share


LONDON--Among the Top 50 global forex providers, ranked by FX Week according to reported FX trading revenues for 1998, the top 10 hold 53 per cent of the total market, slightly less than the 54 per cent held by this market segment last year (FXW, June 1, 1998). Meanwhile, the second tier of banks, ranked from 11-20, has increased marketshare to 25 per cent from 22 per cent last year.

The growth of the second tier is at the expense of banks at the bottom of the table. Banks ranked from 31-50 l