Last night Euromoney announced its 2012 FX Survey results ( which is one of the FX markets/industry barometers).

Deustche Bank retained its top position title while it’s market share reduced. Citi leapfrogged from 4th position to 2nd narrowing gaining additional market share and marching ahead on its goal of becoming numero 1.

Top 10 banks, (same banks as 2011), continue to dominate the market, accounting for 78.76% of the global FX pie, up from 77.36% in 2011. Top 5 banks account for well over 50%.

FXall was named the Best Independent Multibank Platform for 11th consecutive year but it’s marketshare declined from 28.6% to 21.7 %. FX Connect (owned by State Street) jumped from 4th to 2nd position in multi dealer platform category increasing its marketshare from 10.8% to 18.7%