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Derivatives

GlobalCapital Global Derivatives Awards Dinner 2017 — the winners

Awards

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

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)

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