Thursday, November 20, 2008

Forexgen|Top Ten Currency Traders in the Forex Market


United Kingdom Traders

The United Kingdom is also another major player on the forex market. Much like The United States, the United Kingdom also has a major trading centrality in London. The United Kingdom, in the top ten, has approximately 22% of the daily trading volume. The United Kingdom has three major players in the forex top ten, including the Royal Bank of Scotland at number 4, Barclays Capital at number 5, and HSBC at number

traders from Other Co
untries

The United States and United Kingdom hold positions 3 through 10 on the forex top currency traders list. While this may make it seem as though the other countries in the world do not have a large effect on the forex market, do not be fooled; Germany holds the top spot in the forex traders list, and Switzerland holds the second spot on the forex list. These two companies make up over 36% of the daily total volume of the forex trading market. Deutsch Bank of Germany holds over 21% of the daily trading volume, and UBS AG of Switzerland holds nearly 15% of the daily trading volume. All of the companies on the forex market are not only trading for their customers, but are trading for themselves, with every part involved attempting to make money on their investments.

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