Commonwealth Bank of Australia (CBA) was amongst the biggest overall gainers in the Euromoney FX Survey 2022 and the top ranked Australian bank for Real Money investors and FX Swaps.
Published this month, the magazine’s annual survey of the global wholesale foreign exchange market ranks banks and service providers on transaction volume and market share.
CBA rose to 33rd place from 56th in the survey’s overall global ranking and climbed to 16th place from 31st among global banks for the Real Money investor category, which ranks institutional investment flows. CBA also grew its global market share in FX Swaps, rising to 18th place from 33rd.
Mitch Grosser, Global Head of Trading in CBA’s Institutional Banking & Markets division, said: “We continue to invest in our technology platform and people to improve our offering and these results reflect the initial benefits of this focus, with more exciting developments to come.