Top 5 Foreign Exchange Institutions in London and New York

Euromoney reports that London and New York account for a massive $2.018 trillion (£1.306 trillion) worth of trading in foreign exchange which accounts for 50.7% of global turnover. Of the total amount of foreign exchange traded in London and New York, more than 67% is traded in London which makes The City the world capital for foreign exchange trading. Most FOREX trading is undertaken by the global institutions. Here is a list of the top 5 London and New York headquartered participants in foreign exchange trading and their percentage of overall activity (source Euromoney FX survey FX poll 2010)

1. Barclays Capital, London - 11.08%

2. Citi, New York City - 7.69%

3. JP Morgan, New York City - 6.35%

4. HSBC, London - 4.55%

5. Goldman Sachs, New York City - 4.28%