JPMorgan, Citigroup Win Top FX Market Share in Greenwich Ranking

JPMorgan Chase & Co. and Citigroup Inc. are pulling ahead of competitors in the world’s biggest financial market, according to Greenwich Associates. The two banks tied for first place in the consultant’s global foreign-exchange market-share rankings because of their technology and extensive client networks, Greenwich said. UBS Group AG and Deutsche Bank AG tied for third place, while Goldman Sachs Group Inc., HSBC Holdings Plc and Bank of America Corp. tied for fifth in the rankings, which are a based on a survey of more than 2,300 currency users released Wednesday.