Foreign exchange poll 2014

Transcription

1 Foreign exchange poll 2014 best for overall fx services as voted by financial institutions 1 1 ANZ CIMB OCBC Citi BNP Paribas Standard Chartered UOB Deutsche Bank HSBC Bank of America Merrill Lynch best for overall fx services as voted by corporates 1 1 Citi HSBC Deutsche Bank ANZ Standard Chartered JP Morgan BNP Paribas CIMB OCBC DBS Bank best overall fx strategist/economist Rank Analyst Firm % 1 Suresh Kumar Ramanathan CIMB Helmi Arman Citi Frances Cheung Credit Agricole 2.75 best overall fx research analyst Rank Analyst Firm % 1 Suresh Kumar Ramanathan CIMB Jae-Chul Chang Citi Rajinder Singh Jayar Singh CIMB 1.92 best overall fx sales individual Rank Analyst Firm % 1 Jessie Lim CIMB Wandee Hemyusuk Citi Precious Tan Citi 1.25

2 BEST DOMESTIC PROVIDERS OF FX SERVICES AS VOTED BY FINANCIAL INSTITUTIONS Australia ANZ China Hong Kong Standard Chartered India Indonesia Bank Permata Japan Mizuho Korea KEB Malaysia CIMB The Philippines Security Bank Singapore OCBC Taiwan Thailand Siam Commercial Bank Vietnam BIDV BEST DOMESTIC PROVIDERS OF FX SERVICES AS VOTED BY CORPORATES Australia ANZ China China Citic Bank Hong Kong HSBC India HDFC Indonesia Bank Danamon Japan Bank of Tokyo Mitsubishi UFJ Korea Malaysia CIMB The Philippines Security Bank Singapore OCBC Taiwan Fubon Thailand Kasikornbank Vietnam BIDV financial institutions fx poll 2014 best for fx products and services 1 1 ANZ CIMB OCBC Citi Maybank Deutsche Bank BNP Paribas HSBC Standard Chartered Bank of America Merrill Lynch best for fx options 1 2 ANZ CIMB OCBC Citi UOB BNP Paribas Standard Chartered UBS HSBC Bank of America Merrill Lynch best for fx research & market coverage 1 1 ANZ OCBC CIMB Credit Agricole Citi Deutsche Bank JP Morgan HSBC BNP Paribas Bank of America Merrill Lynch 3.756

3 Australia corporate fx poll Citi Barclays OCBC HSBC Mizuho Citi Mizuho Barclays OCBC BNP Paribas OCBC Citi Barclays HSBC Barclays Citi Mizuho HSBC JP Morgan ANZ CBA NAB Westpac Macquarie ANZ CBA NAB Westpac Macquarie CBA ANZ NAB Westpac Macquarie ANZ CBA NAB Westpac Macquarie China 1 1 Citi ANZ BNP Paribas Standard Chartered HSBC Citi ANZ Standard Chartered Deutsche Bank BNP Paribas JP Morgan Citi Bank of America Merrill Lynch ANZ Standard Chartered Citi Bank of America Merrill Lynch JP Morgan ANZ BNP Paribas China Citic Bank Bank of China China Merchants Bank China Construction Bank Agricultural Bank of China China Citic Bank Agricultural Bank of China Bank of Communications Bank of China China Construction Bank China Citic Bank Agricultural Bank of China Bank of China China Merchants Bank China Construction Bank China Citic Bank Bank of China China Merchants Bank ICBC China Construction Bank 2.772

4 Hong Kong 1 2 Citi China Citic Bank ANZ Bank of America Merrill Lynch Bank of China Citi China Citic Bank ANZ JP Morgan Deutsche Bank Citi ANZ China Citic Bank Bank of America Merrill Lynch Bank of China Bank of America Merrill Lynch China Citic Bank Citi ANZ Bank of China HSBC Standard Chartered HSBC Standard Chartered HSBC Standard Chartered HSBC Standard Chartered INDIA 1 BNP Paribas Citi HSBC DBS Bank RBS Citi Credit Agricole BNP Paribas HSBC ING Group BNP Paribas RBS Standard Chartered HSBC DBS Bank Citi BNP Paribas JP Morgan DBS Bank HSBC HDFC ICICI Kotak State Bank of India Axis Bank HDFC Kotak State Bank of India ICICI HDFC ICICI State Bank of India Kotak HDFC ICICI Kotak State Bank of India 2.084

5 INDONESIA 1 3 CIMB OCBC Citi ANZ Deutsche Bank CIMB OCBC Citi ANZ JP Morgan CIMB OCBC ANZ Deutsche Bank Citi CIMB OCBC Citi JP Morgan ANZ Bank Danamon Bank Permata Bank Central Asia BNI Bank Mandiri Bank Danamon Bank Permata Bank Central Asia BNI Bank Mandiri Bank Danamon Bank Permata BNI Bank Central Asia Bank Mandiri Bank Danamon Bank Permata Bank Central Asia BNI Bank Mandiri japan 1 Citi CIMB ANZ Citi ANZ CIMB Citi CIMB Citi CIMB Bank of Tokyo Mitsubishi UFJ Mizuho SMBC Mizuho Bank of Tokyo Mitsubishi UFJ Bank of Tokyo Mitsubishi UFJ Mizuho Bank of Tokyo Mitsubishi UFJ 3.154

6 Korea 1 2 ANZ Citi Deutsche Bank ANZ Citi Deutsche Bank ANZ Citi Deutsche Bank ANZ Citi Deutsche Bank * Results not published due to insufficient data * Results not published due to insufficient data * Results not published due to insufficient data * Results not published due to insufficient data MALAYSIA 1 1 Citi OCBC Deutsche Bank UOB Standard Chartered Citi OCBC JP Morgan Deutsche Bank UOB Citi OCBC UOB Standard Chartered Deutsche Bank Citi OCBC JP Morgan Deutsche Bank HSBC CIMB Hong Leong Bank Maybank Ambank RHB Hong Leong Bank CIMB Maybank Ambank RHB CIMB Hong Leong Bank Maybank RHB Ambank CIMB Hong Leong Bank Maybank Ambank RHB 3.130

7 the philippines 1 1 Citi Deutsche Bank HSBC ANZ ING Group Citi Deutsche Bank BNP Paribas ANZ HSBC Deutsche Bank Citi ANZ HSBC Citi Deutsche Bank HSBC ANZ ING Group Security Bank Bank of the Philippine Islands RCBC Metropolitan Bank & Trust Co Banco de Oro Security Bank Union Bank of the Philippines RCBC Bank of the Philippine Islands Banco de Oro Security Bank Bank of the Philippine Islands Metropolitan Bank & Trust Co Banco de Oro RCBC Security Bank RCBC Metropolitan Bank & Trust Co Bank of the Philippine Islands Banco de Oro singapore 1 2 Citi CIMB ANZ Bank of America Merrill Lynch Deutsche Bank CIMB Citi ANZ Bank of America Merrill Lynch Barclays Citi ANZ CIMB Deutsche Bank Bank of America Merrill Lynch Citi Maybank CIMB ANZ Standard Chartered OCBC UOB DBS Bank OCBC UOB DBS Bank OCBC UOB DBS Bank OCBC DBS Bank UOB 3.123

8 Taiwan 1 1 Citi ANZ Deutsche Bank Standard Chartered JP Morgan Citi Standard Chartered Deutsche Bank ANZ DBS Bank Credit Agricole ANZ Deutsche Bank Citi JP Morgan Citi ANZ Standard Chartered Deutsche Bank JP Morgan Fubon Fubon Fubon Fubon thailand 1 2 CIMB Citi Standard Chartered HSBC Deutsche Bank CIMB Citi Standard Chartered HSBC Deutsche Bank CIMB Citi Standard Chartered HSBC Deutsche Bank CIMB Citi Standard Chartered HSBC BNP Paribas Kasikornbank Thai Military Bank Siam Commercial Bank Bangkok Bank Krungthai Bank Kasikornbank Thai Military Bank Siam Commercial Bank Krungthai Bank Bangkok Bank Kasikornbank Thai Military Bank Siam Commercial Bank Bangkok Bank Bank of Ayudhya Kasikornbank Siam Commercial Bank Thai Military Bank Bangkok Bank Bank of Ayudhya 2.881

9 vietnam 1 2 ANZ Citi HSBC BNP Paribas Standard Chartered ANZ Citi JP Morgan BNP Paribas HSBC ANZ Citi HSBC ANZ BNP Paribas Citi Standard Chartered HSBC BIDV Sacombank HD Bank Vietinbank Vietcombank BIDV Sacombank Vietinbank HD Bank Vietcombank BIDV HD Bank Sacombank Vietinbank Vietcombank BIDV Vietinbank HD Bank Sacombank Vietcombank FX Poll Methodology In the 24th annual FX Poll, Asiamoney invited senior management, senior treasury and financial executives from listed companies, SMEs, banks, fund management firms and other financial institutions to participate. A total of 4,853 individual responses were received, however 244 were made void due to their failure to fulfill the auditing requirements. The 4,609 valid responses came from 4,238 different companies: 3,613 corporates and 625 financial institutions. In the questionnaire, respondents were asked to rate their top five FX providers in Asia-Pacific (where FX trading transactions were mainly held) for the following categories: FX Products and Services Innovative and bespoke FX products and structured ideas Trade recommendation FX sales FX prime broking services Post-trade services, including back-office Electronic trading platform FX Options FX linked structured options Emerging market options Vanilla/1st generation exotics Competitive and prompt spot pricing Competitive and prompt forward pricing Competitive option pricing FX Research & Market Coverage Macroeconomic research Global FX research Asian FX research Technical analysis Quantitative modeling Forecasts and trade recommendations Flow analysis FX (vanilla) options for Asian currencies FX (vanilla) options for non-asian currencies offshore NDFs (including CNYNDF, IDRNDF, INRNDF, KRWNDF, MYRNDF, PHPNDF, TWDNDF) A one firm-one vote policy was implemented. To avoid any one respondent firm having more influence than others of equal size, multiple votes from a firm were fractioned according to the number of votes received from it. For each bank, a weighted average score is calculated across each of the categories. The weightings applied correspond to the annual FX trading volume in Asia-Pacific of the voting corporate or financial institution as disclosed by the respondent. CORPORATES Annual FX trading volume Share of votes Weighting <US$50m 36.69% 1 US$50.01m-250m 29.57% 3 US$250.01m-500m 8.15% 8 US$500.01m-1bn 8.52% 15 >US$1bn 17.07% 20 FINANCIAL INSTITUTIONS Annual FX trading volume Share of votes Weighting <US$1bn 48.71% 1 US$1.01bn-10bn 20.06% 3 US$10.01bn-25bn 7.55% 8 US$25.01bn-50bn 5.89% 15 >US$50bn 17.79% 20 Asiamoney would like to thank those who helped design the questionnaire, as well as all respondents for taking the time to complete and return it. For extended results please visit the Asiamoney website, For bespoke analytical results and a more specific breakdown of data please contact anthony.chan@asiamoney.com.