This article has been translated from English to Gen Z Slang.
Banks be out here handling most of the cash flow and doing big brain trading every day, no cap. The forex swag they flex depends on their clout. Some banks just got spot exchange and currency forwards, but the real MVPs got currency options, swaps, futures, and even option-dated currency forwards. 💸✨
The big dogs in the banking world are trading billions on the daily. Most of this is for their peeps, but they also do some sneaky trading for their own squad, aka proprietary desks. 😎
According to the tea from Greenwich Associates, the top OGs in forex dealing are stacking those greenbacks, led by big names like Deutsche Bank, UBS, Citigroup, Barclays, and Royal Bank of Scotland. We don't have the exact digits on daily forex turnover that banks be snagging, but Deutsche Bank and UBS are each owning more than 10% of that market pie. What 🧐🔥