Cover Story : Worlds Best Foreign Exchange Banks 2007

Global Finance selects the leaders in the worlds biggest financial market.

With an estimated $3 trillion changing hands on a daily basis, the foreign exchange market is by far the biggest market in the world. Cross-border capital and trade flows and international travel create a growing need for foreign exchange services. Electronic trading has enabled a faster, more accurate market to develop, while currency portfolios have emerged as an asset class in their own right. Meanwhile, more developing countries are becoming active in global markets and in the world financial system.

The best foreign exchange banks are those institutions that provide fast, reliable and cost-effective services to global businesses and investors, as well as advice and innovative products to meet the specific needs of their increasingly diverse range of customers. Global Finance selected Deutsche Bank as the global winner. We also chose the leading foreign exchange banks in 79 countries and regions, as well as the best online foreign exchange trading systems, both bank-owned and independent, and the best bank for foreign exchange research.

With input from industry analysts, corporate executives and technology experts, Global Finance editors selected the winners based on objective and subjective factors. Our criteria included transaction volume, market share, global coverage, customer service, competitive pricing and innovative products and technology.

Gordon Platt