FX Markets Best Banks Awards 2020: The winners

Citi takes 12 categories, including best bank for FX; HSBC follows with six wins

FX Markets is delighted to announce the winners of the FX Markets Best Banks Awards 2020. The roll of honour can be found below. We would like to congratulate all of the firms on their achievements. 

Now in their thirteenth year, the FX Markets Best Banks Awards were contested across 48 categories, covering all aspects of the foreign exchange market. Among the highlights, Citi has landed 12 wins, followed by HSBC with six awards. BNP Paribas, JP Morgan, NatWest Markets and UBS scored three wins each.

FX Markets thanks all this year’s participants for their time and help.   

FX Markets Best Banks Awards 2020 – The winners 

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 

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