Asia FX Awards 2024: The winners
FX Markets is delighted to announce the winners of the Asia FX Awards 2024.
The seventh edition of the Asia FX Awards recognises and showcases the best banks, dealers, brokers and currency managers in the Asia-Pacific region (Apac).
In the past 12 months, market participants have had to stay alert to continuing geopolitical risks, troubled economies, diverging monetary policy, fragmented liquidity and periods of volatility. The increasing transparency and electronification of FX markets is also driving further innovation, as firms seek efficiencies, insight and competitive differentiation.
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 43 categories, determined by an esteemed judging panel comprising industry experts and FX professionals across Apac. They have paid attention to firms that brought unique and innovative ways to fulfil industry needs in the past 12 months.
Congratulations to our winners and thank you to all who entered this year’s awards.
Best FX analytics provider
oneZero
Best dealing technology vendor
SOLVE
Best trading platform for retail
OCBC Bank
Best algo provider
BNP Paribas
Best bank for large corporates
OCBC Bank
Best buy-side FX trading platform
Bloomberg
Best emerging markets trading platform
Deutsche Bank
Best G10 trading platform
FXSpotStream
Best bank for e-trading
HSBC
Best clearing house
LCH ForexClear
Best trading platform for spots
CME Group
FX house of the year
Australia
Westpac
FX house of the year
Singapore
OCBC Bank
Best compression/optimisation service for FX
HSBC
Best bank for post-trade services
State Street – TradeNeXus and StreetFX
Best bank FX liquidity provider
Deutsche Bank
Best exchange
SGX Group
Best FX prime of prime
Saxo
Best market data provider
Fenics Market Data
Best settlement and risk mitigation solution
RTGS.global
Best single-dealer platform
UBS
Best trading platform for FX derivatives
CME Group
Best trading platform for options
Digital Vega
FX house of the year
Hong Kong
HSBC
FX house of the year
Indonesia
PT Bank OCBC
FX house of the year
Malaysia
OCBC Malaysia
FX house of the year
Thailand
HSBC
FX house of the year
Vietnam
HSBC
Best blockchain technology service provider
Talos
Best bank for NDFs
UBS
Best bank for research
OCBC Bank
Best bank for SMEs
ING
Best broker for spot
CMC Connect
Best FX ECN
Euronext Markets Singapore
Best new venue initiative
Reactive Markets
Best trading platform for forwards/swaps
360T
FX house of the year
Japan
UBS
FX house of the year
South Korea
HSBC
Regional spot dealer – Apac
HSBC
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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
