From the December 01, 2010 issue of Futures Magazine • Subscribe!

Top 50 Brokers of 2010

Euro’s leaders

By Steve Zwick

European regulators don’t release segregated funds figures for FCMs, so we compile our list of the top brokers by calling market participants and those who they felt had the biggest books. In years past, we’ve managed to boil it down to five firms or so, but this year we found widespread disagreement over who the top five might be, so we’re listing the top eight.

Interestingly, regional differences remain, even in unified Europe. For example, banks like Santander (which we included in the list) and Banesto (which we didn’t) were mentioned quite frequently in southern Europe but less frequently in northern countries, while several French respondents mentioned Société Générale. With apologies to Jérôme Kerviel, we left Soc Gen out because we believe its presence is covered by the inclusion of Newedge, in which it owns a 50% stake.

This survey was less than scientific, and we welcome any feedback from participants who believe we have erred.


NYSE.Liffe

  • Top Contract: Euribor Futures
  • Year-to-date average daily volume (through October): 1,002,546
  • 2009 average daily volume (for the full year): 753,356


Eurex

  • Top Contract: Eurostoxx 50 Futures
  • Year-to-date average daily volume (through October): 1.48 million
  • 2009 average daily volume (for the full year): 1.31 million


MEFF

  • Top Contract: IBEX 35 Futures
  • Year-to-date average daily volume (through October): 24,786
  • 2009 average daily volume (for the full year): 21,405


Top Brokers
(in terms of customer funds, in no particular order)

  • Goldman Sachs
  • Newedge
  • JP Morgan
  • UBS Securities
  • BNP
  • Deutsche bank
  • Citigroup Global
  • Santander
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