Top rankings are in the corporate segment in the Spot/Forward, Options and E-Trading league tables
August 8, 2012
Citibank Hungary's top rankings in the corporate segment league tables in Euromoney's FX Poll 2012 include the #1 position in Spot/Forward transactions with a market share of 38.73 percent and US$3,583 million in trading volumes, in Options transactions with a market share of 40.47 percent and US$96 million in trading volumes and in E-Trading with a market share of 61.89 percent and US$2,189 million in trading volumes. Also, Citi tops the list in CEEMEA, where formidable results have consolidated its premier position in the region.
Globally, Citi proved to be the FX house with the greatest momentum over the past year, jumping from 4th place overall in 2011 to 2nd place this year. Its overall market share rose from 8.88% last year to 12.29% in 2012.
Batara Sianturi, Citi Country Officer for Hungary said, "It is an important accomplishment for Citi, both locally and regionally, to have received such an important recognition of its foreign exchange activity in the Euromoney Foreign Exchange survey, the most comprehensive quantitative and qualitative annual study available on the FX markets. We thank our clients for their vote of confidence and we remain committed to keeping our leading position on the local market, while providing excellence in every interaction with our clients."
Other global awards received by Citi following the survey are: Best Bank for CEE, LATAM, Middle East, Nordic and African Currencies, Best Bank for Quantitative and Flow Research and Technical Analysis, Best Bank for Structured Options, Best Bank for Online Order Book Transparency, Best Bank for Online Research and Analytical Tools, Best Bank for Online Risk Management Tools.
First published in 1979, Euromoney's annual foreign exchange survey is the benchmark by which the global FX industry judges its performance. This year the survey had a record number of both respondents (15.423 valid votes) and volume (US$208.6 trillion, compared to US$177.6 trillion last year).
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