A BCG Company

Trading Strategies

The Expand Research Global Trading benchmark is an exclusive evaluation of global activity, measuring a firm’s market share versus its peers on a monthly basis. The benchmark utilizes broker submitted data from 17 of the Top 20 banks including the top 10 by total volume, making this the industry recognized measurement for volumes.

Who is it for?

  • Heads of FX/eFX/Credit/Rates, Head of Strategy, Head of FICC


  • Quarterly with monthly high-level snapshot


  • The product provides an assessment of banks’ volume performance versus competitors across products, platforms, client types and groups based on volume levels.

Why do it?

The benchmark enables firms to understand areas of over/under-performance vis-à-vis peers, drivers of performance and opportunities for improvement.

Additionally, the analysis allows clients to understand client/platform preferences and monitor and assess outcomes of investments  and strategic decisions,  e.g. investment into a single dealer platform, over time.


What you get

  • A monthly snapshot indication of volume movement by group, channel and products based on real data submissions
  • A full quarterly report of all in-scope factors with estimates of non-participating banks based on real data and publicly available information
  • Additional analysis on specific products/channels is available upon request

Client commitment

  • Firms are required to submit trading volumes as per a data template provided during onboarding. Expand issues reporting guidelines outlining all metrics to be provided and to what taxonomy.

Related products

  • Client Intelligence

Next Steps

To find out more, please use the form below. Alternatively, contact your local office using the below phone numbers.


Tel: +44 (0)20 7337 2100


Tel: +1 (212) 913 9270


Tel: +65 6823 1460


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