Major Banks* Overview

In addition to individual investors, major Forex market participants are central banks, commercial banks, investment banks, securities dealers, pension funds, insurance companies, and multinational corporations. Below is an overview taken from the annual reports of Citigroup, Bank of America and HSBC showing each of their trading related revenue, comparing Foreign Exchange against other investment products.

Below is an excerpt from page 17 of Bank of America's 2003 Annual Report

Below is an excerpt from page 89 of Citigroup's 2003 Annual Report

Below is an excerpt from page 44 of HSBC's 2003 Annual Report

* Keep in mind that most banks and major corporations have access to additional tools and resources that offer them an advantage over the average retail trader.