Past winners - FX Markets Best Banks Awards (2024)

Product categories

• Best bank for FX: Citi
• Best bank for spot: UBS
• Best bank for forwards/swaps: BNP Paribas
• Best bank for options: Deutsche Bank
• Best bank for NDFs: Citi
• Best bank for FX algos: BNP Paribas

Regional categories

• Best bank for Europe: BNP Paribas
• Best bank for North America: JP Morgan
• Best bank for APAC: HSBC
• Best bank for EEMEA: UBS
• Best bank for LatAm: Banco Santander

Services categories

• Best broker for spot: EBS /CME Group
• Best broker for forwards/swaps: Refinitiv
• Best broker for options: BGC Partners
• Best broker for NDFs: EBS /CME Group
• Best professional e-trading venue: 360T
• Best market data provider: Bloomberg
• Best prime-of-prime house: Saxo Bank
• Best clearing house: CME Group
• Best vendor for dealing technology: Bloomberg

Currency pairs categories

• Best bank for EUR/USD: JP Morgan
• Best bank for USD/JPY: Citi
• Best bank for GBP/USD: UBS
• Best bank for AUD/USD: ANZ
• Best bank for USD/CAD: Bank of Montreal
• Best bank for USD/CNY: Bank of China
• Best bank for USD/CHF: UBS
• Best bank for USD/HKD: HSBC
• Best bank for EUR/GBP: NatWest Markets
• Best bank for USD/KRW: HSBC
• Best bank for USD/MXN: Citi
• Best bank for USD/BRL: Banco Santander
• Best bank for EM currencies: HSBC
• Best bank for frontier currencies: Citi

Infrastructure categories

• Best bank for e-trading: UBS
• Best bank for FXPB: NatWest Markets
• Best bank for retail: Citi
• Best bank for large corporates: Citi
• Best bank for SMEs: Barclays
• Best bank for regional/domestic banks: BBVA
• Best bank for research: Deutsche Bank
• Best bank for post-trade services: NatWest Markets
• Best bank for TCA: Citi
• Best bank for client clearing: Citi
• Best bank for wealth management: UBS
• Best bank for sustainable finance: Paribas
• Best single-dealer platform: UBS

Product categories

• Best bank for FX: Citi
• Best bank for spot: JP Morgan
• Best bank for forwards/swaps: BNP Paribas
• Best bank for options: Deutsche Bank
• Best bank for NDFs: Citi
• Best bank for FX algos: BNP Paribas

Regional categories

• Best bank for Europe: BNP Paribas
• Best bank for North America: JP Morgan
• Best bank for APAC: HSBC
• Best bank for EEMEA: UBS
• Best bank for LatAm: Banco Santander

Currency pairs categories

• Best bank for EUR/USD: Citi
• Best bank for USD/JPY: Citi
• Best bank for GBP/USD: Barclays
• Best bank for AUD/USD: ANZ
• Best bank for USD/CAD: Bank of Montreal
• Best bank for USD/CNY: HSBC
• Best bank for USD/CHF: UBS
• Best bank for USD/HKD: HSBC
• Best bank for EUR/GBP: Barclays
• Best bank for USD/KRW: HSBC
• Best bank for USD/MXN: Citi
• Best bank for USD/BRL: Banco Santander
• Best bank for EM currencies: HSBC
• Best bank for frontier currencies: Citi

Infrastructure categories

• Best bank for e-trading: JP Morgan
• Best bank for FXPB: NatWest Markets
• Best bank for retail: Citi
• Best bank for large corporates: Citi
• Best bank for SMEs: NatWest Markets
• Best bank for regional/domestic banks: Standard Bank
• Best bank for research: Bank of America
• Best bank for post-trade services: NatWest Markets
• Best bank for TCA: Citi
• Best bank for client clearing: Citi
• Best bank for wealth management: UBS
• Best bank for transparency: Citi
• Best bank for sustainable finance: HSBC
• Best single-dealer platform: Citi

Services categories

• Best broker for spot: EBS
• Best broker for forwards/swaps: Refinitiv
• Best broker for options: BGC Partners
• Best broker for NDFs: EBS Best professional e-trading venue: Refinitiv FXall
• Best market data provider: Bloomberg
• Best prime-of-prime house: Saxo Bank
• Best clearing house: LCH
• Best vendor for dealing technology: 360T

Best bank overall for FX
JP Morgan

Best bank for FX for corporates
Citi

Best bank for FX for banks
JP Morgan

Best bank for FX for investors
JP Morgan

Best bank for FX structured products
Citi

Best bank for prime brokerage
JP Morgan

Best bank for FX forwards
Citi

Best bank for spot FX
JP Morgan

Best bank for currency options
Citi

Best bank for FX in the Eurozone
BNP Paribas

Best Bank for FX in London
JP Morgan

Best bank for FX in Asia-Pacific
HSBC

Best bank for FX in North America
JP Morgan

Best bank for EUR/USD
Citi

Best bank for USD/YEN
Citi

Best bank for EUR/GBP
HSBC

Best bank for Euro/Yen
Citi

Best bank for Canadian dollar
Bank of Montreal

Best bank for South African rand
Standard Bank

Best bank for Scandinavian currencies
Danske Bank

Best bank for emerging EMEA currencies
HSBC

Best bank for African currencies, excluding ZAR
Standard Bank

Best bank for emerging Asian currencies
HSBC

Best bank for emerging LatAm currencies
Banco Santander

Best bank for renminbi
HSBC

Best broker for spot FX
EBS

Best broker for currency options
BGC

Best broker for forward FX
Refinitiv

Best broker for emerging markets FX
BGC

Best prime-of prime house
ABN Amro

Best market data provider for FX
Bloomberg

Best bank for FX research and strategy
Citi

Best bank for post-trade services
NatWest Markets

Best bank for e-trading
JPMorgan

Best professional e-trading venue
360-T

Best vendor for risk management/options pricing software
Kace

Best vendor for dealing technology
360-T

Best FX clearing house
CME

Best bank dealers

Best brokers

Best information providers

Best electronic trading vendors

Best bank dealers

Best bank overall for FX
JP Morgan

Best bank for FX for corporates
Citi

Best bank for FX for banks
JP Morgan

Best bank for FX for investors
JP Morgan

Best bank for spot FX
JP Morgan

Best bank for forward FX
Citi

Best bank for currency options
Citi

Best bank for structured products
Citi

Best bank for FX prime brokerage
NatWest Markets

Best bank for FX in London
Barclays

Best bank for FX in North America
JP Morgan

Best bank for FX in the Eurozone
Deutsche Bank

Best bank for FX in Asia-Pacific
HSBC

Best bank by currency

Best bank for USD/JPY
Citi

Best bank for EUR/JPY
Deutsche Bank

Best bank for GBP/USD
Barclays

Best bank for the Swiss franc
UBS

Best bank for the Australian dollar
National Australia Bank

Best bank for the Canadian dollar
BMO Capital Markets

Best bank for the South African rand
Standard Bank

Best bank for the renminbi
HSBC

Best bank for Scandinavian currencies
Danske Bank

Best bank for emerging European, Middle Eastern and African currencies
HSBC

Best bank for emerging Asian currencies
Standard Chartered

Best bank for emerging Latin American currencies
BBVA

Best brokers

Best broker for forward FX
Thomson Reuters

Best broker for spot FX
NEX Markets

Best information providers

Best electronic trading vendors

Best vendor for risk management/options pricing software
FENICS

Best professional e-trading venue
360T

Best bank for e-trading
JP Morgan

Best FX prime-of-prime house
Saxo Bank

Best FX clearing house
LCH

Best bank dealers

Best bank for FX for banks
JP Morgan

Best bank for FX for investors
Citi

Best bank for spot FX
Citi

Best bank for forward FX
JP Morgan

Best bank for currency options
UBS

Best bank for structured products
Deutsche Bank

Best bank for FX prime brokerage
Citi

Best bank for FX in London
JP Morgan

Best bank for FX in North America
Citi

Best bank for FX in the Eurozone
Deutsche Bank

Best bank for FX in Asia-Pacific
HSBC

Best bank by currency

Best bank for USD/JPY
JP Morgan

Best bank for EUR/JPY
Citi

Best bank for GBP/USD
Citi

Best bank for the Swiss franc
UBS

Best bank for the Australian dollar
National Australia Bank

Best bank for the Canadian dollar
BMO Capital Markets

Best bank for the South African rand
Standard Bank

Best bank for the renminbi
HSBC

Best bank for Scandinavian currencies
Danske Bank

Best bank for emerging European, Middle Eastern and African currencies
Citi

Best bank for emerging Asian currencies
HSBC

Best bank for emerging Latin American currencies
BBVA

Best brokers

Best broker for forward FX
Thomson Reuters

Best broker for spot FX
EBS BrokerTec

Best information providers

Best electronic trading vendors

Best bank for FX post-trade services
RBS

Best vendor for dealing technology
Thomson Reuters

Best vendor for risk management/options pricing software
FENICS

Best professional e-trading venue
360T

Best bank for e-trading
JP Morgan

Best FX prime-of-prime house
Saxo Markets

Best FX clearing house
LCH

Best market data provider for FX
Thomson Reuters

Best professional e-trading Venue
360T

Best bank for e-trading
Citi

Best vendor for risk mgmt/options pricing
FENICS

Best bank for currency options
Barclays

Best broker for currency options
Tullett Prebon

Best vendor for dealing technology
360T

Best broker for FX forwards
Thomson Reuters

Best bank for FX forwards
Citi

Best broker for spot FX
Icap

Best bank for spot FX
Deutsche Bank

Best FX clearing house
CME Group

Best bank for FX prime brokerage
Citi

Best Bank for FX post-trade services
RBS

Best bank for FX structured products
Deutsche Bank

Best bank for FX research/strategy
Citi

Best bank for euro/sterling
Barclays

Best bank for euro/yen
Deutsche Bank

Best broker for emerging markets
Thomson Reuters

Best bank for emerging Asian currencies
HSBC

Best bank for renminbi
Bank of China

Best bank for emerging LatAm currencies
Banco Santander

Best bank for emerging Emea currencies
HSBC

Best bank for sterling/dollar
Barclays

Best bank for dollar/yen
Citi

Best bank for Australian dollar
ANZ Bank

Best bank for South African rand
Standard Chartered

Best bank for Swiss franc
UBS

Best bank for Scandinavian currencies
SEB

Best bank for Canadian dollar
BMO Capital Markets

Best bank for euro/dollar
Deutsche Bank

Best bank for FX in London
Barclays

Best bank for FX in North America
Citi

Best bank for FX in the Eurozone
Deutsche Bank

Best bank for FX in Asia-Pacific
HSBC

Best bank overall for FX voted by investors
Citi

Best bank overall for FX voted by corporates
Citi

Best bank overall for FX voted by banks
Barclays

Best bank overall for FX
Citi

Best bank overall for FX
Citi

Best bank for FX for banks
Barclays

Best bank for FX corporates
Citi

Best bank for FX inestors
Citi

Best bank for spot FX
Deutsche Bank

Best bank for FX forwards
Citi

Best bank for currency options
Barclays

Best bank for FX structured products
Deutsche Bank

Best bank for FX prime brokerage
Citi

Best bank for FX in London
Barclays

Best bank for FX in North America
Citi

Best bank for FX in the eurozone
Deutsche Bank

Best bank for FX in Asia-Pacific
HSBC

Best bank for euro/dollar
Deutsche Bank

Best bank for the dollar/yen
Citi

Best bank for euro/yen
Deutsche Bank

Best bank for dollar/sterling
Barclays

Best bank for euro/sterling
Barclays

Best bank for Swiss franc
UBS

Best bank for Australian dollar
ANZ

Best bank for Canadian dollar
Bank of Montreal

Best bank for Scandinavian currencies
Danske Bank

Best bank for South African rand
Standard Bank

Best bank for emerging EMEA currencies
Citi

Best bank for emerging Asian currencies
HSBC

Best Bank for Emerging LatAm Curencies
Banco Santander

Best bank for research/strategy
Citi

Best bank electronic trading
Citi

Best bank for FX post-trade
Citi

Best broker for spot FX
Icap

Best broker for FX forwards
Tullet Prebon

Best broker for currency options
Tradition Icap

Best broker for emerging markets
Thomson Reuters

Best professional e-trading venue
360T

Best vendor for risk management/options pricing
SuperDerivatives

Best vendor for dealing technology
Thomson Reuters FXall

Best FX clearing house
CME Group

Best market data provider for FX
Bloomberg

Best Bank Overall for FX
Citi

Best Bank for FX for Banks
Deutsche Bank

Best Bank for FX for Corporates
Citi

Best Bank for FX for Investors
Deutsche Banks

Best Bank for Spot FX
Deutsche Bank

Best Bank for FX Forwards
Citi

Best Bank for Currency Options
Deutsche Bank

Best Bank for FX Structured Products
Deutsche Bank

Best Bank for FX Prime Brokerage
Citi

Best Bank for FX in London
Barclays

Best Bank for FX in North America
Citi

Best Bank for FX in the Eurozone
Deutsche Bank

Best Bank for FX in the Asia-Pacific
HSBC

Best Bank for Euro/Dollar
Citi

Best Bank for Dollar/Yen
Citi

Best Bank for Euro/Yen
Deutsche Bank

Best Bank for Dollar/Sterling
Barclays

Best Bank for Euro/Sterling
Barclays

Best Bank for Swiss Franc
UBS

Best Bank for Australian Dollar
ANZ

Best Bank for Canadian Dollar
Bank of Montreal

Best Bank for Scandanavian Currencies
SEB

Best Bank for South African Rand
Standard Bank

Best Bank for Emerging EMEA Currencies
HSBC

Best Bank for Asian Currencies
HSBC

Best Bank for Emerging LatAm Currencies
Citi

Best Bank for Research/Strategy
Deutsche Bank

Best Bank for Electronic Trading
Citi

Best Bank for FX Post-Trade
UBS

Best Broker for Spot FX
Icap

Best Broker for FX forwards
Tullett Prebon

Best Broker for Currency Options
GFI Group

Best Broker for Emerging Markets
Thomson Reuters

Best Professional E-Trading Venue
FXall

Best Vendor for Risk Mangament/Options Pricing
SuperDerivatives

Best Vendor for Dealing Technology
Thomson Reuters

Best FX Clearing House
LCH.Clearnet

Best Market Data Provider for FX
Bloomberg

Best Bank Overall for FX
Deutsche Bank

Best Bank for FX for Banks
Deutsche Bank

Best Bank for FX for Corporates
HSBC

Best Bank for FX for Investors
Citi

Best Bank for Spot FX
Citi

Best Bank for Forward FX
HSBC

Best Bank for Currency Options
Barclays

Best Bank for FX Structured Products
Deutsche Bank

Best Bank for FX Prime Brokerage
Citi

Best Bank for FX in London
Barclays

Best Bank for FX in North America
Citi

Best Bank for FX in the Eurozone
Deutsche Bank

Best Bank for FX in Asia-Pacific
HSBC

Best Bank for Euro/Dollar
Deutsche Bank

Best Bank for Dollar/Yen
Citi

Best Bank for Euro/Yen
Deutsche Bank

Best Bank for Dollar/Sterling
Barclays

Best Bank for Euro/Sterling
Barclays

Best Bank for Swiss Franc
UBS

Best Bank for Australian Dollar
ANZ

Best Bank for Canadian Dollar
Bank of Montreal

Best Bank for Scandinavian Currencies
Danske Bank

Best Bank for Emerging EMEA Currencies
HSBC

Best Bank for Emerging Latin American Currencies
Citi

Best Bank for Emerging Asian Currencies
HSBC

Best Bank for FX Research and Strategy
Citi

Best Bank for e-Trading
Deutsche Bank

Best Professional e-Trading Venue
FXall

Best Broker for Spot FX
ICAP

Best Broker for Emerging Markets
ICAP

Best Broker for Currency Options
Tullett Prebon

Best Broker for Forward FX
Tullett Prebon

Best Bank for FX Post Trade Services
UBS

Best FX Clearing House
LCH.Clearnet

Best Market Data Provider for FX
Bloomberg

Best Vendor for Risk Management/Options Pricing Software
SuperDerivatives

Best Bank for Algorithmic Trading
Citi

Best Vendor for Dealing Technology
Thomson Reuters

Best Bank Overall for FX
Deutsche Bank

Best Bank for FX for Banks
Deutsche Bank

Best Bank for FX for Corporates
HSBC

Best Bank for FX for Investors
Citi

Best Bank for Spot FX
Citi

Best Bank for Forward FX
HSBC

Best Bank for Currency Options
Barclays

Best Bank for FX Structured Products
Deutsche Bank

Best Bank for FX Prime Brokerage
Citi

Best Bank for FX in London
Barclays

Best Bank for FX in North America
Citi

Best Bank for FX in the Eurozone
Deutsche Bank

Best Bank for FX in Asia-Pacific
HSBC

Best Bank for Euro/Dollar
Deutsche Bank

Best Bank for Dollar/Yen
Citi

Best Bank for Euro/Yen
Deutsche Bank

Best Bank for Dollar/Sterling
Barclays

Best Bank for Euro/Sterling
Barclays

Best Bank for Swiss Franc
UBS

Best Bank for Australian Dollar
ANZ

Best Bank for Canadian Dollar
Bank of Montreal

Best Bank for Scandinavian Currencies
Danske Bank

Best Bank for Emerging EMEA Currencies
HSBC

Best Bank for Emerging Latin American Currencies
Citi

Best Bank for Emerging Asian Currencies
HSBC

Best Bank for FX Research and Strategy
Citi

Best Bank for e-Trading
Deutsche Bank

Best Professional e-Trading Venue
FXall

Best Broker for Spot FX
ICAP

Best Broker for Emerging Markets
ICAP

Best Broker for Currency Options
Tullett Prebon

Best Broker for Forward FX
Tullett Prebon

Best Bank for FX Post Trade Services
UBS

Best FX Clearing House
LCH.Clearnet

Best Market Data Provider for FX
Bloomberg

Best Vendor for Risk Management/Options Pricing Software
SuperDerivatives

Best Bank for Algorithmic Trading
Citi

Best Vendor for Dealing Technology
Thomson Reuters

Best Vendor for Dealing Technology
Thomson Reuters

Best Vendor for Algorithmic Trading Technology
Flextrade

Best Vendor for Risk Management/Options Pricing Software
Murex

Best Vendor for FX Research and Strategy
IFR Markets

Best Market Data Provider for FX
Bloomberg

Best Bank for Third-Party CLS
UBS

Best Bank for FX Post Trade Services
Barclays Capital

Best Broker for Forward FX
Tullett Prebon

Best Broker for Currency Options
Tullett Prebon

Best Broker for Emerging Markets
Tullett Prebon

Best Broker for Spot FX
ICAP

Best professional e-Trading venue
Fxall

Best Bank for e-Trading
Barclays Capital

Best Bank for FX Research and Strategy
HSBC

Best Bank for Emerging Latin-American Currencies
HSBC

Best Bank for Emerging Asian Currencies
HSBC

Best Bank for Emerging EMEA Currencies
HSBC

Best Bank for Scandinavian Currencies
SEB

Best Bank for Canadian Dollar
Royal Bank of Canada

Best Bank for Australian Dollar
Australia and New Zealand Banking Group

Best Bank for Swiss Franc
UBS

Best Bank for Euro/Sterling
Barclays Capital

Best Bank for Dollar/Sterling
Barclays Capital

Best Bank for Euro/Yen
Deutsche Bank

Best Bank for Dollar/Yen
Citi

Best Bank for Euro/Dollar
Deutsche Bank

Best Bank for FX in Asia-Pacific
HSBC

Best Bank for FX in the Eurozone
Deutsche Bank

Best Bank for FX in North America
Citi

Best Bank for FX in London
Barclays Capital

Best Bank for FX Prime Brokerage
Citi

Best Bank for FX Structured Products
Citi

Best Bank for Currency Options
Barclays Bank

Best Bank for Forward FX
HSBC

Best Bank for Spot FX
Citi

Best Bank for FX for Investors
Deutsche Bank

Best Bank for FX for Corporates
HSBC

Best Bank for FX for Banks
Deutsche Bank

Best Bank Overall for FX
Deutsche Bank

Best Vendor for Dealing Technology
Thomson Reuters

Best Vendor for Algorithmic Trading Technology
Aegisoft

Best Vendor for Risk Management/Options Pricing Software
Thomson Reuters

Best Vendor for FX Research and Strategy
Informa Global Markets

Best Market Data Provider for FX
Bloomberg

Best Bank for Third-Party CLS
Citi

Best Bank for FX Post Trade Services
UBS

Best Broker forForward FX
Tullett Prebon

Best Broker for Currency Options
Thomson Reuters

Best Broker for Emerging Markets
Thomson Reuters

Best Broker for Spot FX
ICAP

Best professional e-Trading venue
FX Connect

Best Bank for e-Trading
Barclays Capital

Best Bank for FX Research and Strategy
HSBC

Best Bank for Emerging Latin-American Currencies
HSBC

Best Bank for Emerging Asian Currencies
HSBC

Best Bank for Emerging EMEA Currencies
HSBC

Best Bank for Scandinavian Currencies
Deutsche Bank

Best Bank for Canadian Dollar
Bank of Montreal

Best Bank for Australian Dollar
ANZ Banking Group

Best Bank for Swiss Franc
Credit Suisse

Best Bank for Euro/Sterling
Barclays Capital

Best Bank for Dollar/Sterling
Barclays Capital

Best Bank for Euro/Yen
Deutsche Bank

Best Bank for Dollar/Yen
Citi

Best Bank for Euro/Dollar
Deutsche Bank

Best Bank for FX in Asia-Pacific
HSBC

Best Bank for FX in the Eurozone
Deutsche Bank

Best Bank for FX in North America
Citi

Best Bank for FX in London
Barclays Capital

Best Bank for FX Prime Brokerage
Deutsche Bank

Best Bank for FX Structured Products
Barclays Capital

Best Bank for Currency Options
Deutsche Bank

Best Bank for Forward FX
HSBC

Best Bank for Spot FX
Citi

Best Bank for FX for Investors
Saxo Bank

Best Bank for FX for Corporates
HSBC

Best Bank for FX for Banks
Deutsche Bank

Best Bank Overall for FX
Dutsche Bank