Foreign Exchange Market Analysis North America,Europe,APAC,South America,Middle East and Africa - US,China,Japan,UK,Switzerland - Size and Forecast 2024-2028

Published: Oct 2023 Pages: 178 SKU: IRTNTR73392

Foreign Exchange Market Size 2024-2028 

The foreign exchange market size is projected to reach a value of USD 516.48 billion with a CAGR of 10.31% between 2023 and 2028.  

The growth rate of the market relies on reporting dealers in the market, who furnish intraday liquidity. They utilize these funds for purchasing and selling foreign exchange at their specified bid prices, alongside continuously providing quotes throughout the trading day. This significantly influences growth rate and market forecasts.

What will be the Size of the Foreign Exchange Market During the Forecast Period?

Page Number 178
Forecast period 2024-2028
Historic period 2018 - 2022
List of Charts and Table 190
Growth momentum & CAGR 10.31%
Market Growth 2024-2028 USD 516.48 Billion

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Market Segmentation

The reporting dealers segment is estimated to witness significant growth during the forecast period. The market participants that operate in the market hold risky inventory positions during the maturity period. In the case of liquidity, the suppliers that absorb an imbalance in the market are compensated through high returns. These returns reflect the risk premium that is associated with non-diversifiable risks. 

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Financial institutions that actively participate in local and global foreign exchange and derivatives markets are known as reporting dealers. Reporting dealers also include US subsidiaries and branches of foreign institutions with trading or sales desks in the US. If the inventory management practices of individual traders are analyzed, one can find that the reporting dealers do not hold any open positions for a significant amount of time. However, the burden of providing the inter-day liquidity provision rests on non-financial participants. Ideally, it is the market consisting of dealer-financial institutions that provide liquidity overnight and should continue to provide liquidity during the forecast period.

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Foreign Exchange Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

Increasing market liquidity is notably driving the market growth. The global market is the most easily liquidated financial market, as it involves the trading of numerous currencies all around the world. Traders in this market have complete freedom to buy or sell currencies anytime, as per their own choice. Liquidity refers to the ability of the currency pair to be purchased and sold without producing a major change in its exchange rate in the global market.

Furthermore, the rapid availability of news and pricing provides foreign exchange traders with the most up-to-date information for trading. Such factors will fuel market expansion during the forecast period.

Major Market Trends

Market transparency in trading is an emerging trend shaping market growth. Market transparency is the ability to have knowledge of what is being traded, at what price, by whom, and where. Hence, there is a lot of clarity in the global market. The traders in the global market have full access to all market data and information, which aids in the monitoring of currency price movements in many nations via the real-time portfolio.  The global market is huge in size and spans multiple time zones. Hence, information on the global market is freely accessible.

Furthermore, no government or central bank has the power to corner the market or fix prices for an extended period of time on its own. Because of the temporary time lag in transferring information, some entities may get short-term benefits. This advantage, however, cannot be maintained over time. The market size also contributes to its fairness and efficiency. Therefore, such factors will lead to market expansion during the forecast period. 

Significant Market Challenge

Counterparty risks with respect to foreign exchange are a significant challenge hindering market growth. Counterparty risk is the risk associated with the other party to a financial contract not fulfilling its obligations. The market is an international market. As a result, foreign exchange regulation is a difficult issue because it involves the sovereignty of the currencies of many countries. This creates a scenario wherein the global market becomes mainly unregulated. Therefore, there are no transactions that assure risk-free trade execution.

As a result, when investors or traders enter deals, they must be aware of the risk of defaults, wherein the counterparty will not have the intention or ability to respect the contracts. Forex trading necessitates a thorough assessment of counterparty risks as well as the development of strategies to manage them. Thus, such counterparty risks may hinder market growth during the forecast period.

Foreign Exchange Market Customer Landscape

The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Foreign Exchange Market Customer Landscape

Who are the Major Foreign Exchange Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Bank of America Corp. - The company offers foreign exchange services such as outbound domestic wire transfer and outbound international wire transfer services.

The research report also includes detailed analyses of the competitive landscape of the market and information about 19 market companies, including:

  • Barclays PLC
  • BNP Paribas SA
  • Citigroup Inc.
  • Commonwealth Bank of Australia
  • DBS Bank Ltd.
  • Deutsche Bank AG
  • HSBC Holdings Plc
  • JPMorgan Chase and Co.
  • London Stock Exchange Group plc
  • NatWest Group plc
  • Societe Generale SA
  • Standard Chartered PLC
  • State Street Corp.
  • The Bank of Nova Scotia
  • The Goldman Sachs Group Inc.
  • UBS Group AG
  • Westpac Banking Corp.
  • XTX Markets Ltd.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Regional Analysis

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Europe is estimated to contribute 43% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Foreign exchange trading activity rose by 3.6% between October 2020 and October 2021 in North America. This rise is attributed to continuous trade monitoring and surveillance in the foreign exchange market in the region. The tightening of regulatory scrutiny of top vendors was needed in the wake of recent collusive activities and benchmark manipulations in currency markets. Therefore, more trading firms will reveal the real-time record of the trading activity. Sell-side dealers may play a significant role during the forecast period, and this should increase the auditable standards in trading activities and may enable easy communication between traders. Low volatility often results in stable earnings in safe-haven currencies and heavy gains in their speculative counterparts.

For instance, the US currency is vulnerable to low volatility, and therefore, it heralds short-term interest rate changes. This may allow a few speculators in the market to hold US dollars in their portfolios and may help them to seek higher and riskier returns in other currencies, such as the Australian dollar and the Euro. Such factors are expected to drive the regional market growth during the forecast period. 

The spread of the pandemic in the region led to a temporary shutdown of many industrial facilities, which impacted foreign exchange activities in 2020. However, with the start of COVID-19 vaccination campaigns in 2021, the North American foreign currency market demonstrated more stability and optimism. The USD, for example, recovered against the backdrop of economic recovery. Furthermore, the North American foreign exchange market is expected to maintain its resilience during the forecast period. Factors such as strong economic growth and supporting monetary policies are expected to contribute to this trend, creating a favourable trade environment for investors and enterprises and hence driving the growth of the market during the forecast period.

Segment Overview

The foreign exchange market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • Type Outlook 
    • Reporting dealers
    • Other financial institutions
    • Non-financial customers
  • Trade Finance Instruments Outlook 
    • Currency swaps
    • Outright forward and FX swaps
    • FX options
  • Region Outlook
    • North America
      • The U.S.
      • Canada
    • South America
      • Chile
      • Brazil
      • Argentina 
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Scope

Report Coverage

Details

Base year

2023

Market structure

Fragmented

YoY growth 2023-2024(%)

8.82

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

Europe at 43%

Key countries

US, China, Japan, UK, and Switzerland

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Bank of America Corp., Barclays PLC, BNP Paribas SA, Citigroup Inc., Commonwealth Bank of Australia, DBS Bank Ltd., Deutsche Bank AG, HSBC Holdings Plc, JPMorgan Chase and Co., London Stock Exchange Group plc, NatWest Group plc, Societe Generale SA, Standard Chartered PLC, State Street Corp., The Bank of Nova Scotia, The Goldman Sachs Group Inc., UBS Group AG, Westpac Banking Corp., and XTX Markets Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. 

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in the Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2024 and 2028
  • Precise estimation of the market  size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. 

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Trade Finance Instruments
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global foreign exchange market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global foreign exchange market 2018 - 2022 ($ billion)
    • 4.2 Type Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Type Segment 2018 - 2022 ($ billion)
    • 4.3 Trade finance instruments Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Trade finance instruments Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Type - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Type - Market share 2023-2028 (%)
    • 6.2 Comparison by Type
      • Exhibit 32: Chart on Comparison by Type
      • Exhibit 33: Data Table on Comparison by Type
    • 6.3 Reporting dealers - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Reporting dealers - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Data Table on Reporting dealers - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 36: Chart on Reporting dealers - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Reporting dealers - Year-over-year growth 2023-2028 (%)
    • 6.4 Financial institutions - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Financial institutions - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Data Table on Financial institutions - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 40: Chart on Financial institutions - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Financial institutions - Year-over-year growth 2023-2028 (%)
    • 6.5 Non-financial customers - Market size and forecast 2023-2028
      • Exhibit 42: Chart on Non-financial customers - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 43: Data Table on Non-financial customers - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 44: Chart on Non-financial customers - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on Non-financial customers - Year-over-year growth 2023-2028 (%)
    • 6.6 Market opportunity by Type
      • Exhibit 46: Market opportunity by Type ($ billion)
      • Exhibit 47: Data Table on Market opportunity by Type ($ billion)

    7 Market Segmentation by Trade Finance Instruments

    • 7.1 Market segments
      • Exhibit 48: Chart on Trade Finance Instruments - Market share 2023-2028 (%)
      • Exhibit 49: Data Table on Trade Finance Instruments - Market share 2023-2028 (%)
    • 7.2 Comparison by Trade Finance Instruments
      • Exhibit 50: Chart on Comparison by Trade Finance Instruments
      • Exhibit 51: Data Table on Comparison by Trade Finance Instruments
    • 7.3 Currency swaps - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Currency swaps - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 53: Data Table on Currency swaps - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 54: Chart on Currency swaps - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Currency swaps - Year-over-year growth 2023-2028 (%)
    • 7.4 Outright forward and FX swaps - Market size and forecast 2023-2028
      • Exhibit 56: Chart on Outright forward and FX swaps - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 57: Data Table on Outright forward and FX swaps - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 58: Chart on Outright forward and FX swaps - Year-over-year growth 2023-2028 (%)
      • Exhibit 59: Data Table on Outright forward and FX swaps - Year-over-year growth 2023-2028 (%)
    • 7.5 FX options - Market size and forecast 2023-2028
      • Exhibit 60: Chart on FX options - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 61: Data Table on FX options - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 62: Chart on FX options - Year-over-year growth 2023-2028 (%)
      • Exhibit 63: Data Table on FX options - Year-over-year growth 2023-2028 (%)
    • 7.6 Market opportunity by Trade Finance Instruments
      • Exhibit 64: Market opportunity by Trade Finance Instruments ($ billion)
      • Exhibit 65: Data Table on Market opportunity by Trade Finance Instruments ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 67: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 68: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 69: Chart on Geographic comparison
      • Exhibit 70: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2023-2028
      • Exhibit 71: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 72: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 73: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 74: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.4 Europe - Market size and forecast 2023-2028
      • Exhibit 75: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 76: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 77: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.5 APAC - Market size and forecast 2023-2028
      • Exhibit 79: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 80: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 81: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.6 South America - Market size and forecast 2023-2028
      • Exhibit 83: Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 84: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 85: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Exhibit 91: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 UK - Market size and forecast 2023-2028
      • Exhibit 95: Chart on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on UK - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on UK - Year-over-year growth 2023-2028 (%)
    • 9.10 China - Market size and forecast 2023-2028
      • Exhibit 99: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.11 Japan - Market size and forecast 2023-2028
      • Exhibit 103: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 104: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 105: Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 9.12 Switzerland - Market size and forecast 2023-2028
      • Exhibit 107: Chart on Switzerland - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 108: Data Table on Switzerland - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 109: Chart on Switzerland - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on Switzerland - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 111: Market opportunity by geography ($ billion)
      • Exhibit 112: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 113: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 115: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 116: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 117: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 118: Matrix on vendor position and classification
            • 12.3 Bank of America Corp.
              • Exhibit 119: Bank of America Corp. - Overview
              • Exhibit 120: Bank of America Corp. - Business segments
              • Exhibit 121: Bank of America Corp. - Key news
              • Exhibit 122: Bank of America Corp. - Key offerings
              • Exhibit 123: Bank of America Corp. - Segment focus
            • 12.4 Barclays PLC
              • Exhibit 124: Barclays PLC - Overview
              • Exhibit 125: Barclays PLC - Business segments
              • Exhibit 126: Barclays PLC - Key news
              • Exhibit 127: Barclays PLC - Key offerings
              • Exhibit 128: Barclays PLC - Segment focus
            • 12.5 BNP Paribas SA
              • Exhibit 129: BNP Paribas SA - Overview
              • Exhibit 130: BNP Paribas SA - Business segments
              • Exhibit 131: BNP Paribas SA - Key offerings
              • Exhibit 132: BNP Paribas SA - Segment focus
            • 12.6 Citigroup Inc.
              • Exhibit 133: Citigroup Inc. - Overview
              • Exhibit 134: Citigroup Inc. - Business segments
              • Exhibit 135: Citigroup Inc. - Key offerings
              • Exhibit 136: Citigroup Inc. - Segment focus
            • 12.7 Commonwealth Bank of Australia
              • Exhibit 137: Commonwealth Bank of Australia - Overview
              • Exhibit 138: Commonwealth Bank of Australia - Business segments
              • Exhibit 139: Commonwealth Bank of Australia - Key offerings
              • Exhibit 140: Commonwealth Bank of Australia - Segment focus
            • 12.8 DBS Bank Ltd.
              • Exhibit 141: DBS Bank Ltd. - Overview
              • Exhibit 142: DBS Bank Ltd. - Business segments
              • Exhibit 143: DBS Bank Ltd. - Key offerings
              • Exhibit 144: DBS Bank Ltd. - Segment focus
            • 12.9 Deutsche Bank AG
              • Exhibit 145: Deutsche Bank AG - Overview
              • Exhibit 146: Deutsche Bank AG - Business segments
              • Exhibit 147: Deutsche Bank AG - Key news
              • Exhibit 148: Deutsche Bank AG - Key offerings
              • Exhibit 149: Deutsche Bank AG - Segment focus
            • 12.10 HSBC Holdings Plc
              • Exhibit 150: HSBC Holdings Plc - Overview
              • Exhibit 151: HSBC Holdings Plc - Business segments
              • Exhibit 152: HSBC Holdings Plc - Key news
              • Exhibit 153: HSBC Holdings Plc - Key offerings
              • Exhibit 154: HSBC Holdings Plc - Segment focus
            • 12.11 JPMorgan Chase and Co.
              • Exhibit 155: JPMorgan Chase and Co. - Overview
              • Exhibit 156: JPMorgan Chase and Co. - Business segments
              • Exhibit 157: JPMorgan Chase and Co. - Key offerings
              • Exhibit 158: JPMorgan Chase and Co. - Segment focus
            • 12.12 NatWest Group plc
              • Exhibit 159: NatWest Group plc - Overview
              • Exhibit 160: NatWest Group plc - Business segments
              • Exhibit 161: NatWest Group plc - Key offerings
              • Exhibit 162: NatWest Group plc - Segment focus
            • 12.13 Societe Generale SA
              • Exhibit 163: Societe Generale SA - Overview
              • Exhibit 164: Societe Generale SA - Business segments
              • Exhibit 165: Societe Generale SA - Key offerings
              • Exhibit 166: Societe Generale SA - Segment focus
            • 12.14 Standard Chartered PLC
              • Exhibit 167: Standard Chartered PLC - Overview
              • Exhibit 168: Standard Chartered PLC - Business segments
              • Exhibit 169: Standard Chartered PLC - Key offerings
              • Exhibit 170: Standard Chartered PLC - Segment focus
            • 12.15 State Street Corp.
              • Exhibit 171: State Street Corp. - Overview
              • Exhibit 172: State Street Corp. - Business segments
              • Exhibit 173: State Street Corp. - Key offerings
              • Exhibit 174: State Street Corp. - Segment focus
            • 12.16 The Goldman Sachs Group Inc.
              • Exhibit 175: The Goldman Sachs Group Inc. - Overview
              • Exhibit 176: The Goldman Sachs Group Inc. - Business segments
              • Exhibit 177: The Goldman Sachs Group Inc. - Key news
              • Exhibit 178: The Goldman Sachs Group Inc. - Key offerings
              • Exhibit 179: The Goldman Sachs Group Inc. - Segment focus
            • 12.17 UBS Group AG
              • Exhibit 180: UBS Group AG - Overview
              • Exhibit 181: UBS Group AG - Business segments
              • Exhibit 182: UBS Group AG - Key offerings
              • Exhibit 183: UBS Group AG - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 184: Inclusions checklist
                • Exhibit 185: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 186: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 187: Research methodology
                • Exhibit 188: Validation techniques employed for market sizing
                • Exhibit 189: Information sources
              • 13.5 List of abbreviations
                • Exhibit 190: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

              PURCHASE FULL REPORT OF

              foreign exchange market market

              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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