GlobalCapital Global Derivatives Awards Dinner 2017 — the winners

GlobalCapital held its 2017 Global derivatives awards at the Royal Horseguards Hotel in London on Wednesday, September 20.

  • By Ross Lancaster
  • 21 Sep 2017
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The awards honour the institutions and innovations that helped spur forward the derivatives markets over the last 12 months. 

BNP Paribas took home the award for derivatives bank of the year as well as those for interest rate and credit derivatives house of the year. The bank demonstrated an impressive strategy for expanding its derivatives offering while maintaining its existing strengths and won praise for its can do attitude in adapting to technological change.

NEX Infinity won the industry initiative/game changer of the year award. The platform stands ready to make significant improvements in trade processing and ease market participants’ day to day operations.  

After a busy 12 months, which saw it acquire ICAP — winner of the interest rate derivatives broker of the year award — Tullett Prebon clinched the overall interdealer broker of the year prize. In the past year, it has handled a merger that created the largest interdealer broker in the world, kept pace with regulatory and technological change and still demonstrated a practical and ambitious path to growth in its businesses.  

Other examples of innovation and resilience abounded throughout the winners’ list. As wide-reaching regulatory change continues to hit the industry alongside potentially revolutionary technological shifts, the winners and nominees showed that they are more than ready for these new challenges.

From June this year, GlobalCapital began to take extensive feedback from the market as it built a nominee list to recognise excellence in the derivatives industry. From mid-July to August, GlobalCapital then met with as many nominees as possible to hear about their business during the last 12 months and learn about the challenges they faced and their achievements.

As always, we were looking for strong narratives running through exciting new stories that showed how firms went the extra mile for their clients, not just statistics showing substantial market share.

When choosing a winner in each category, we considered unique products and services, technological innovation, flexible strategies, commitment to new markets and geographies, measures to improve efficiency and liquidity, initiatives to improve market stability and oversight and client guidance and advocacy.

Our congratulations to the winners and runners-up.


Derivatives bank of the year

Bank of America Merrill Lynch 

BNP Paribas (winner)

Citi 

Goldman Sachs 

JP Morgan 

Société Générale 

UBS 


Industry initiative/game changer of the year

Axoni-led equity derivatives blockchain initiative

DTCC-led blockchain initiatives

ISDA / IHS Markit Variation Margin Protocol

NEX Infinity platform (winner)

SmartDX documentation generation  


Equity derivatives bank of the year

Bank of America Merrill Lynch

BNP Paribas

Citi

Goldman Sachs

JP Morgan (winner)

Morgan Stanley 

Société Générale

UBS


FX derivatives bank of the year

Bank of America Merrill Lynch

Barclays 

Citi

Deutsche Bank

HSBC (winner)

JP Morgan 

Nomura

UBS


Interest rate derivatives bank of the year

Bank of America Merrill Lynch

BNP Paribas (winner)

Deutsche Bank

Goldman Sachs

JP Morgan

Nomura

Société Générale


Credit derivatives bank of the year

Bank of America Merrill Lynch

Barclays

BNP Paribas (winner)

Citi

Deutsche Bank

JP Morgan


Volatility derivatives bank of the year

BNP Paribas

Citi

Deutsche Bank

Goldman Sachs

JP Morgan

Morgan Stanley

Nomura (winner)

Société Générale

UBS


Structured products bank of the year

BNP Paribas

Credit Suisse (winner)

Deutsche Bank

Goldman Sachs

Nomura

Société Générale

UBS


Research and strategy bank of the year

Bank of America Merrill Lynch

Barclays

BNP Paribas

Citi

Société Générale

UBS (winner)


Clearing bank of the year

Bank of America Merrill Lynch (winner)

Citi

Credit Suisse

HSBC

JP Morgan

Morgan Stanley


Single dealer electronic platform of the year

Barclays

Deutsche Bank

JP Morgan 

Morgan Stanley

Société Générale

UBS (winner)


Corporate solutions provider of the year

BNP Paribas

Deutsche Bank

JP Morgan 

Morgan Stanley

Nomura

Société Générale (winner)



Specialist liquidity provider of the year — overall

Citadel Securities

Virtu Financial

XTX Markets (winner)

Specialist liquidity provider — credit derivatives

Citadel Securities (winner)

Jump Trading

Susquehanna International Group

XTX Markets


Specialist liquidity provider — equity derivatives

Citadel Securities

Virtue Financial

XTX Markets (winner)

Specialist liquidity provider —FX derivatives

Virtu Financial

XTX Markets (winner)

Specialist liquidity provider — interest rate derivatives

Citadel Securities (winner)

Jump Trading

Susquehanna International Group

XTX Markets


Hedge fund of the year

Bridgewater Associates 

Citadel (winner)

LNG Capital

Millennium Management

Two Sigma Investments


Asset manager of the year

Amundi

BlackRock

Invesco

JP Morgan Asset Management

Pimco

State Street (winner)

Union Investment


Global law firm of the year — overall

Allen & Overy

Ashurst 

Cadwalader, Wickersham & Taft

Clifford Chance

Hogan Lovells 

Linklaters

Mayer Brown

Morrison Foerster (winner)


European law firm of the year — regulatory

Allen & Overy

Ashurst 

Clifford Chance (winner)

Hogan Lovells 

Linklaters

Mayer Brown

Morrison Foerster


European law firm of the year — transactions

Allen & Overy 

Ashurst 

Cadwalader, Wickersham & Taft

Clifford Chance

Hogan Lovells 

Linklaters

Mayer Brown (winner)

Morrison Foerster

Norton Rose Fulbright


Asia-Pacific law firm of the year — regulatory

Allen & Overy

Ashurst

Clifford Chance (winner)

Linklaters


Asia-Pacific law firm of the year — transactions

Allen & Overy

Clifford Chance

King & Wood Mallesons

Linklaters (winner)


Data and analytics vendor of the year

Bloomberg

ICE Data Services

IHS Markit

Numerix

Tullett Prebon Information (winner)


Risk management, pricing and valuation

ICE Data Services

IHS Markit

NEX

Numerix (winner)

Tullett Prebon Information


Index product creator and developer of the year

FTSE Russell

IHS Markit (winner)

MSCI

S&P Dow Jones Indices

Stoxx


Index administration and benchmark services provider of the year

Bloomberg

IHS Markit (winner)

Intercontinental Exchange (ICE)

S&P Dow Jones Indices


Interdealer broker of the year

BGC Partners (BGC/GFI)

Icap

Tradition

Tullett Prebon (winner)

Equity derivatives interdealer broker of the year

BGC Partners (BGC/GFI) (winner)

Icap

Tradition

Tullett Prebon


FX derivatives interdealer broker of the year

BGC Partners (BGC/GFI)

Icap

Tradition

Tullett Prebon (winner)

Interest rate derivatives interdealer broker of the year

BGC Partners (BGC/GFI)

ICAP (winner)

Tradition

Tullett Prebon


Credit derivatives interdealer broker of the year

BGC Partners (BGC/GFI)

Creditex

Icap

Tradition

Tullett Prebon (winner)

Swap execution facility of the year — CLOB

BGC Partners

Icap

Tradeweb Markets

Tradition (winner)

Tullett Prebon


Swap execution facility of the year — RFQ

360T

Bloomberg

Thomson Reuters

Tradeweb Markets 

trueEX (winner)


Swap execution facility of the year — overall

Icap

Tradeweb Markets

Tradition (winner)

trueEX

Tullett Prebon


Compression service of the year

Capitalab (BGC Partners)

CME Group (winner)

LCH

TriOptima 


SEF compression/compaction service of the year

Bloomberg

Tradeweb Markets (winner)

trueEX



Derivatives clearing house of the year

CME Group

Eurex Clearing

ICE Clear

LCH (winner)

Global derivatives exchange of the year

Chicago Board Options Exchange

CME Group

Eurex (winner)

Intercontinental Exchange (ICE)


European derivatives exchange of the year

Eurex (winner)

Intercontinental Exchange (ICE)

London Stock Exchange


Asia-Pacific derivatives exchange of the year

Hong Kong Exchange

Japan Exchange Group

Korea Exchange

SGX (winner)

  • By Ross Lancaster
  • 21 Sep 2017

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 357,043.08 1340 9.06%
2 JPMorgan 319,078.96 1445 8.09%
3 Bank of America Merrill Lynch 316,666.04 1099 8.03%
4 Goldman Sachs 236,643.87 789 6.00%
5 Barclays 230,494.28 891 5.85%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 34,591.50 163 6.58%
2 Deutsche Bank 34,293.84 117 6.53%
3 Bank of America Merrill Lynch 31,293.04 95 5.96%
4 BNP Paribas 27,578.61 168 5.25%
5 SG Corporate & Investment Banking 23,982.83 136 4.56%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 19,745.92 80 8.86%
2 Morgan Stanley 16,323.54 83 7.32%
3 Citi 15,946.50 94 7.15%
4 UBS 15,487.17 60 6.95%
5 Goldman Sachs 14,053.61 76 6.30%