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
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe
You are currently unable to print this content. Please contact customer services - www.fx-markets.com/static/contact-us to find out more.
You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@fx-markets.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@fx-markets.com
More on Awards
Best Asia FX spot house: UBS
Thanks to its significant investments to boost spot liquidity in Apac, UBS was able to continue quoting competitive prices throughout bouts of extreme volatility in the latter part of 2024 and first quarter of 2025
Best FX single-dealer platform for Asia currencies: UBS
UBS’s single-dealer platform, Neo, demonstrated its resilience throughout the market stress of the past year, providing exceptional FX liquidity to its clients in Apac across all currencies, including emerging markets pairs and precious metals
Best Asia FX derivatives exchange: SGX
Listed FX volumes continue to set records on SGX’s flagship contracts as market participants seek secure and cost-efficient sources of liquidity in an increasingly uncertain trading environment
Driving growth of FX services in Apac: HSBC
HSBC has become a key provider of global FX services in the Apac region
The go-to FX bank in Apac: HSBC
Leveraging its footprint to broaden its FX offering, HSBC provides clients with solutions to meet trading and hedging needs
FX house of the year Japan: MUFG
MUFG’s domestic success and growing onshore presence have strengthened the firm’s ambition to become an Asia powerhouse in FX
Best FX prime broker for Asia: NatWest
NatWest Markets’ prime brokerage solutions cater to a diverse and dynamic set of market participants
FX house of the year G10 (Asia hours): Wells Fargo
In just a few years, Wells Fargo’s FX volumes in Asia have strengthened and, with a robust FX product offering, the bank expects to onboard more clients eager for cross-currency swaps and customised pricing
