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Top 10 Players in the Global Foreign Exchange Market

The global foreign exchange market size reached US$ 6.60 Trillion in 2020 as per the estimates by IMARC Group. Looking forward, the market value is projected to reach US$ 10.2 Trillion by 2026, expanding at a CAGR of 7.50% during the forecast period (2021-2026). The leading players operating in the industry are focusing on developing the overall infrastructure to offer improved security for trading. Apart from this, global tourism, and technological advancements, such as the availability of outright forward and currency options, are offering lucrative opportunities to market players.

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IMARC Group offers a list of top worldwide Foreign Exchange Companies: They are as follows:

Barclays PLC

Establishment: 1896
Headquarters: London, United Kingdom

Barclays PLC is one of the leading global financial service providers engaged in credit cards, retail banking, wholesale banking, investment banking, wealth management, and investment management services. The company has been focusing on transforming the banking experience by using existing technologies to improve their products or services or experimenting with emerging ones, including quantum computing. It has launched the United Kingdom’s first credit card and contactless payments solutions.

BNP Paribas Group

Establishment: 1848
Headquarters: Paris, France

BNP Paribas Group supports its clients with the help of 193,319 employees in today’s changing times. The company has positioned itself as a leading bank in the Eurozone and a prominent international banking institution. Its international business is segmented into three key divisions, including retail banking, corporate and investment banking, and investment solutions.

Citigroup Inc.

Establishment: 1812
Headquarters: New York, United States

Citigroup Inc. was formed by the merging of banking giant Citicorp and financial conglomerate Travelers Group. The company focuses on providing consumers, corporations, institutions, and governing agencies with a wide range of financial services and products. It strives to offer the best outcomes to the clients and customers with financial ingenuity, which leads to solutions that are simple, creative, and responsible.

Deutsche Bank AG

Establishment: 1870
Headquarters: Frankfurt, Germany

Deutsche Bank AG is one of the leading German banks with strong European roots and a global network. The company offers banking services to different companies, private individuals, governments, institutional investors, and small and medium-sized businesses. It aims to do business in a responsible and sustainable manner and support education, enterprise, and communities.

Goldman Sachs Group, Inc.

Establishment: 1869
Headquarters: New York, United States

Goldman Sachs Group, Inc. is a global investment banking, securities and management firm that offers a broad range of financial services. The company mainly operates through four business segments, including investment banking, global markets, asset management, and consumer & wealth management. Its substantial and diversified client base includes individuals, corporations, financial institutions, and governments.

HSBC Holdings Plc

Establishment: 1865
Headquarters: London, United Kingdom

HSBC Holdings Plc is one of the largest financial service firms across the globe. The company offers a variety of international banking and financial services, which include trade, custody, treasury, insurance, securities, trusteeship, capital markets, retail and corporate banking and private and investment banking. It is currently focusing on deploying some of the most advanced technologies to make online banking easier and more secure.

JPMorgan Chase & Co.

Establishment: 2000
Headquarters: New York, United States

JPMorgan Chase & Co. offers global financial services and retail banking. It provides services such as home finance, private banking, asset management, investment banking, commercial banking, card member services, and treasury and securities services. It serves individuals, institutions, and business enterprises around the world.

Royal Bank of Scotland Plc

Establishment: 1727
Headquarters: Edinburgh, United Kingdom

The Royal Bank of Scotland PLC offers financial products and services, such as loans, trading, insurance, mortgages, credit cards, investments, fund transfer, savings accounts, and online banking services. The company serves trusts, charities, and private companies across the globe. It mainly operates through a network of branches, community bankers, post office outlets, video and telephone banking, and digital banking.

UBS AG

Establishment: 1998
Headquarters: Zürich, Switzerland

UBS AG is one of the leading banks in Switzerland that operates as an investment management firm. The bank offers wealth management, investment banking, and asset management services and renders various financial services to individuals, institutions, governments, corporations, and financial intermediaries worldwide.

Standard Chartered Group

Establishment: 1969
Headquarters: London, United Kingdom

Standard Chartered Group is an international banking group, which is a parent company of numerous banks and financial service companies spread worldwide. Its largest subsidiary is the Standard Chartered Bank that accounts for most of its operations. It provides products and services in the personal, corporate, institutional and treasury areas.

State Street Corporation

Establishment: 1792
Headquarters: Massachusetts, United States

With more than 21,000 employees, State Street Corporation provides services to institutional investors and manages financial assets across the globe. The main products and services of the company include custody, accounting, daily pricing, securities lending, administration, cash management, international exchange services, financial asset management, and investment advisory services.

XTX Markets Limited

Establishment: 2015
Headquarters: London

XTX Markets Limited is an algorithmic trading firm and liquidity provider. The company partners with clients, counterparties, and trading venues across the globe. It is mainly active in the equity, FX, fixed income, and commodity markets.