e-FX awards 2024: The winners

FX Markets is proud to announce the winners of the e-FX Awards for 2024. The roll of honour can be found below – we would like to congratulate all the firms on their achievements.

The awards recognise firms that have proven themselves in electronic foreign exchange trading, whether that’s as a liquidity, prime brokerage and overlay provider; algo builder; trading venue; market infrastructure and software provider; or data vendor.

This year, the awards spanned 28 categories and attracted 115 entries from a wide range of market participants, with the winners being first announced at a dinner in London last night.

Among the highlights, JP Morgan picked up a record five wins, including three in the liquidity provider category – FX spot, FX options and for financial institutions. Deutsche Bank landed two awards for non-deliverable forwards and best FX algo provider, while BNP also secured two for the best FX forwards/swaps provider and best liquidity provider for corporates.

The awards spanned 28 categories and attracted 115 entries from a wide range of market participants

HSBC attained the best new FX algo award, NatWest retained its prime brokerage award while also securing best e-FX solution for corporates, and Saxo achieved best prime-of-prime broker.

JP Morgan also won best single-dealer platform and best FX overlay manager. 

In the venue categories, Cboe FX, 360T Digital Vega and CME achieved wins, and LSEG NDF Matching achieved best new venue initiative.  LCH ForexClear, LSEG Post Trade and OSTTRA were among the winners for the infrastructure and services categories. While for the technology categories, smartTrade Technologies, 4OTC, 360T, New Change FX and Tradefeedr were also winners.

Choosing winners is never an easy task. Entrants submitted written pitches and the final decisions were made by a panel of judges, which included FX Markets’ editors, weighing a number of factors including strategic clarity, growth, risk management discipline, innovation and adaptability, thought leadership, and a commitment to investing in the business. If decisions were tight, client feedback helped settle the issue. Judges were not allowed to contribute to categories where there may be conflicts of interest.

FX Markets would like to thank all entrants for the time and effort they put into the process. Thanks also to our judging panel, who are listed below.