
Asia FX Awards 2023: The winners


FX Markets is delighted to announce the winners of the Asia FX Awards 2023.
The sixth edition of the awards recognises and showcases the best banks, dealers, brokers and currency managers in the Asia-Pacific (Apac) region.
In 2023, we’ve witnessed a plethora of uncertainties around geopolitical risks, economic policies, recessions, the climate crisis, central bank activity and volatility. These issues have a significant impact on the FX market and highlight the growing importance of risk management for the months to come. The FX Markets Asia FX Awards present 34 categories, which were determined by an esteemed judging panel comprising industry experts and FX professionals across the Apac region. They have paid attention to firms that brought unique and innovative ways to fulfil industry needs in the past 12 months.
Best buy-side FX trading platform
Bloomberg
Best FX technology provider
oneZero
Best FX analytics provider
smartTrade Technologies
Best retail FX platform
OCBC Bank
FX house of the year
Singapore
OCBC Bank
FX house of the year
Malaysia
OCBC Bank (Malaysia) Berhad
FX house of the year
Indonesia
Bank OCBC NISP
Best TCA provider
Refinitiv, an LSEG Business
Best market data provider
Refinitiv, an LSEG Business
Best FX prime of prime
Invast Global
Best NDF house
UBS
Best FX options house
UBS
Best bank FX liquidity provider
UBS
Best FX swaps and forwards house
UBS
Best e-FX trading house
Credit Suisse
FX house of the year
Japan
Credit Suisse
FX house of the year
Australia
Credit Suisse
Best EM trading platform
FXSpotStream
Best G10 trading platform
FXSpotStream
Best venue for FX spot
FXSpotStream
Best FX ECN
Euronext Markets Singapore
Best FX prime broker
NatWest Markets
Best FX settlement and risk mitigation solution
Baton Systems
FX house of the year
Hong Kong
HSBC
FX house of the year
China
HSBC
FX house of the year
India
HSBC
FX house of the year
Thailand
Siam Commercial Bank
Best FX clearing house
SGX FX
Best FX exchange
SGX FX
Best blockchain technology service provider
Talos
Best FX post-trade provider
State Street TradeNeXus
Best venue for FX derivatives
360T
Best execution algorithm provider
JP Morgan
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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