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The biggest players in the foreign exchange markets are losing influence

From businessinsider.com

The biggest players in the global foreign exchange markets are seeing their influence and control over the sector dwindle, the latest figures from financial publisher Euromoney show. Euromoney released its annual ranking of traders by volume — the most widely watched such ranking — on Wednesday. It showed that the top five players saw their combined overall share of the market drop from 45% in 2016 to 41% in 2017. On an individual basis, American banking giant Citi retained its place at the top of the ranking, controlling 10.74% of the overall market, a fall from nearly 13% in the previous year. JP Morgan was the ... (full story)

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