Banks and trading firms are fighting for over $ 7 trillion for currencies

The major players have tightened their grip on the largest market in the world, that of currencies (between 6,000 and 7,000 billion dollars traded per day last year). In 2021, the top five institutions, banks and trading companies captured 44% of global volumes and, for the top ten, two thirds, according to Euromoney’s annual ranking.

In one year, the market share of the Top 5 has increased by 5 points. In a currency market where margins and commissions are constantly falling, banks and traders have to contend with very high volumes to achieve profitability. They have to continually invest in expensive technologies, which have created a natural barrier for smaller factories.

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