Greenwich: Deutsche Bank overtakes Barclays as top bond trader
According to a Greenwich Associates report released Monday, Deutsche Bank was the leader in global fixed-income trading volume for 2012 with 10.7% a market share in trading volume. Barclays held the top spot in 2011, with 10.9% of market share, but dropped to 9.8% in 2012. According to Greenwich, the bank benefited from global banks exiting the fixed-income business in light of new capital requirements, resulting in "a continued loss of aggregate market share for the world's biggest fixed-income dealers, with some firms picking up volume, others losing it." Most notably, Swiss giant UBS announced in October it would scale back its fixed-income trading business because of higher capital requirements.