List of Major Financial Institutions in the World of Forex Trading – In the world of trading there are many things you should know if you really want to become a trader. Some things that exist in the world of trading such as multi-national companies, speculators, retail traders and many others. All things related to Trading you should know.
Of the many actors in the trading world, there is one important player who is the main player, namely a very large bank. This bank really has tremendous forex value. Banks are able to provide a very important role in the running of the trading world. It was surveyed a few years ago where 5 Trillion US dollars was pocketed in a day, an astounding amount.
The bank takes 60% of the results of transactions made. It is inconceivable how much money can be generated from active and passive banks in Forex Trading. Here is a list of 8 major financial institutions in the world of Forex Trading!
The first Forex Trading financial institution was Citi. This one institution ranks first as the holder of a forex trading financial institution. This bank is more than 200 years old, even Citi bank is able to provide extraordinary results. Approximately 645 Billion US dollars generated from Citi Bank in the world of Trading.
Despite being the first financial institution in the world, Citi Bank has experienced huge losses. In 2008, Citi’s financial institution suffered a loss of 300 billion US dollars. After that, Citi Bank experienced growth again to generate 420 billion US dollars. His success was achieved again and continues to grow to this day.
- JPMorgan Chase
JPMorgan Chase is one of the Forex Trading institutions that ranks sixth. JPMorgan Chase is able to generate approximately 440 billion United States dollars. This bank is one of the largest banks in the United States. Its success has made JPMorgan Bank also channeled itself in the trading world.
Even though it was very successful, this bank also experienced huge losses. This is due to one of the traders manipulating derivative transactions which caused a loss of 9 billion US dollars along with the fines that must be paid. Even so, JPMorgan Chase Bank is experiencing its glory again after all problems have been handled. Since then, JPMorgan Chase Bank has been able to provide the best performance.
One of the other well-known Forex Trading institutions is UBS. Surely you are no stranger to this one bank. UBS is one of the banks that is able to generate approximately 440 US dollars. This bank is one of the famous banks in Switzerland. The results obtained from Forex Trading institutions have really made this well-known bank soar its name.
Even so, there must be problems that befall a well-known bank, as well as UBS Bank. Approximately 50 billion lost from the company due to manipulation that occurred in 2008 ago. These manipulations are carried out by traders who are not responsible for carrying out their duties in Forex Trading institutions.
Seeing that, the Swiss government finally took decisive action and helped USB Bank to resume its business. After a few years later, its assets rose drastically to 1.7 trillion US dollars.
- Deutsche Bank
The next Forex trading financial institution is Deutsche Bank. This type of bank really has an extraordinary history, where Deutsche Bank has gone through two world wars that occurred on this earth. Deutsche Bank is able to rank second in the world as the main Forex Trading financial institution to date. Deutsche Bank has also generated approximately 395 billion US dollars.
This bank also briefly controlled the market share in 2009, where 21% of the market share was controlled by Bank Deutsche. Just like other things, this bank also did not run smoothly and had suffered losses of up to 6 billion euros. Seeing that, Bank Deutsche continues to make efforts to recover the losses it has suffered. Until finally, Deutsche Bank managed to restore the situation and was able to become a Forex Trading financial institution.
- Bofa Merrill Lynch
Bofa Merrill Lynch is also one of the largest Forex Trading financial institutions in the world to date. Previously, the name of this bank was called Bank of America which has now changed to Bofa Merrill Lynch. This bank is able to generate approximately 320 billion US dollars. A truly fantastic value has been achieved by this financial institution in carrying out Forex Trading.
Bank Bofa Merrill Lynch also experienced a decline in share value, where the decline was up to 30%. His drastically decreased achievement finally returned to normal and experienced a very large increase. The heyday of this Bank was only proven in 2011 which once recorded as the second largest Forex Trading financial institution in the world.
The next largest Forex Trading financial institution is Barclays. This one institution really has an extraordinary profit. Approximately 285 billion US dollars into one very large profit. Barclays Bank is from England. This bank had experienced a very difficult period, namely due to not being able to repay loans from other banks.
The Barclays Bank must pay off its debts of 3.2 billion US dollars every day. In addition, this bank has also experienced a fine to the Financial Supervisory Authority in New York amounting to 635 million US dollars. This is because the Bank was caught using a special algorithm that made the Bank have to pay a fine.
- Goldman Sachs
The next financial institution is Goldman Sachs. This bank also has a very large profit value. Goldman Sachs bank is able to generate up to 235 US dollars. This bank has been established since 1869 and employs 36,500 people. Even this bank can generate assets of up to 861 billion US dollars.
There was a mistake made by this Bank when building a pyramid scheme. The scheme resulted in losses of up to 300 million US dollars. In addition, other bankruptcies were also carried out due to manipulation of the financing of all companies.
HSBC is also not inferior to other Trading financial institutions. HSBC has generated a Forex industry of approximately USD 230 Billion. Looking at its position, the Bank is in fourth place in the world in terms of assets which reached 2.67 trillion US dollars.
That’s some information about 8 Forex Trading financial institutions that we can convey. Hopefully useful, thank you.