Who Are The Market Participants In The Foreign Exchange Market?

paul, you're a naughty naughty boy ...


But entertaining. I'll be honest: it actually occurred to me to try to post something similar, but I lack the skill and imagination to do it anywhere near as amusingly as Paul did!
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Wikipedia -

Top 10 currency traders
% of overall volume, May 2016
Rank Name Market share
1 Citi 12.9 %
2 JP Morgan 8.8%
3 UBS 8.8%
4 Deutsche Bank 7.9%
5 Bank of America Merrill Lynch 6.4%
6 Barclays 5.7%
7 Goldman Sachs 4.7%
8 HSBC 4.6%
9 XTX Markets 3.9%
10 Morgan Stanley 3.2%

These players are so big they can't even see us.
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.
 
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