who are the market participants ?
Hello anniecalvert.who are the market participants ?![]()
paul, you're a naughty naughty boy ...
Are there people of that stature here on ET?
Billionaires ? No..even if they are I doubt we will know about it.Are there people of that stature here on ET?
Keep in mind these are the equivalent of brokers doing business for clients post-Volcker Rule. So GS isn't making directional bets on currency for their own book, they're putting together products on behalf of clients who either have a hedge requirement or potentially are themselves speculating. As such, it's about as accurate to think of GS as participating in the forex market as to think of Interactive Brokers participating in the stock market.Wikipedia -
Top 10 currency traders
% of overall volume, May 2016
Rank Name Market share
1Citi 12.9 %
2JP Morgan 8.8%
3UBS 8.8%
4Deutsche Bank 7.9%
5Bank of America Merrill Lynch 6.4%
6Barclays 5.7%
7Goldman Sachs 4.7%
8HSBC 4.6%
9XTX Markets 3.9%
10Morgan Stanley 3.2%
These players are so big they can't even see us.