 As a result, it is difficult to establish exactly how much strategy index trading generates at each bank.Deutsche Bank is generally considered the leader in this business, with Barclays, RBS, Lehman (Now Nomura), Morgan Stanley, Goldman Sachs and UBS all looking to quickly establish themselves.Considering that it is possible to charge up to 1.5–2.0% annually on these trades, with the usual charge being 1% running, the revenues on a typical 5-year strategy trade are 5–10 times that of a conventional exotic trade.