JP Morgan and Barclays lead market share for European fixed income

JP Morgan leads the way with top place in several categories including research and sales quality.

JP Morgan and Barclays have tied for the top spot in a list of share leaders for European fixed income.

The Greenwich Associates Share Leaders this year polled 1,128 fixed income market participants about service providers, trading practices, market trend analysis and investor compensation.

Citi came in at third for overall fixed income market share in Europe, although topped the trading quality list.

JP Morgan was listed top in several categories, including fixed income research quality, sales quality, service quality for credit and overall market share for credit.

Greenwich Associates explained for most European dealers, including some of the biggest, market share in fixed income trading stabilised last year and some made a few gains. 

US banks however, have slowed their advances into the European market and shifted to a more measured approach to growth in the region.

BNP Paribas and HSBC were also listed in fourth and fifth place respectively for overall market share in European fixed income.

In November, UBS defended its position as the top broker in European equity trading this year, beating Deutsche Bank and Bank of America Merrill Lynch.

The Greenwich Associates Share Leaders report for 2016 revealed UBS held the largest trading and algorithmic share in European equities at 10.4% and 13.9% respectively.