Best FX ECN of the year: Cboe

Cboe voted Best FX ECN of the year at the 2019 FX Week e-FX Awards

Jon Weinberg
Jonathan Weinberg: “We think that market structure for NDFs will eventually look more like spot FX”

Growing its market share to more than 16%, compared with 12–13% four years ago, as measured by average daily volumes of reporting spot FX electronic communication networks, has been a key measure of Cboe’s recent success, according to the company.

The trading venue emphasises its achievement against the background of overall transacted FX volumes being in decline, according to the triennial survey by the Bank for International Settlements. “We are winning a bigger piece of a shrinking pie this

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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

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