Global Derivatives Awards 2018: the winners

GlobalCapital is delighted to announce the winners of its 2018 Global derivatives awards, which were unveiled at the Jumeirah Carlton Tower in London on Tuesday September 25.

  • By Ross Lancaster
  • 26 Sep 2018
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Attendees were in high spirits at the event enjoying first the champagne reception and then the awards presentation and dinner.

The awards celebrate the innovators and advocates of the derivatives industry who have achieved excellence in their fields over the last 12 months.

JP Morgan won the top banking award as Derivatives House of the Year. The US bank also picked up the Equity and FX Derivatives House of the Year awards, as it bore the fruits of investment  in technology.

Linklaters was named overall Law Firm of the Year. The company has been at the heart of the derivatives industry’s efforts to move away from Libor and built up its global presence to offer deep local expertise in each of the markets it operates in.

Amid the uncertainty of Brexit LCH has not let political noise distract it from innovation and cementing dominant market share. Not only has the clearing house held firm its dominance of the interest rate swap market, it has also, after nine years of effort, pushed an FX options clearing service over the line.

Other stories of exciting innovations and progress for the industry abounded throughout the nominee list. The derivatives industry has undergone another year of tough new regulations. But market participants have come through that stronger and seem well prepared for the coming 12 months.

In June, GlobalCapital began to meet nominees and hear their pitches for each category in the awards list. After six weeks of meetings, we then sounded out our preliminary decisions with some market participants before then finalising the winners at an editorial panel.

As ever, we sought to recognise the firms that went the extra mile for their clients, advocating for the progress of the industry and innovated for more efficient markets.

We considered 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 house of the year

JP Morgan (winner)

Bank of America Merrill Lynch 

BNP Paribas 

Citi

Goldman Sachs 

Société Générale 

UBS 

Equity derivatives house of the year

JP Morgan (winner)

Bank of America Merrill Lynch

Barclays

BNP Paribas

Citadel Securities

Citi

Goldman Sachs

Morgan Stanley 

Société Générale

UBS

XTX markets

FX derivatives house of the year

JP Morgan (winner)

Bank of America Merrill Lynch

Barclays

Citi

Deutsche Bank

HSBC

UBS

XTX Markets

Interest rate derivatives house of the year

Bank of America Merrill Lynch (winner)

BNP Paribas

Citadel Securities

Citi

Deutsche Bank

Goldman Sachs

JP Morgan

Société Générale

Credit derivatives house of the year

BNP Paribas (winner)

Bank of America Merrill Lynch

Barclays

Citi

Deutsche Bank

JP Morgan

Volatility derivatives house of the year

Nomura (winner)

BNP Paribas

Citi

Deutsche Bank

Goldman Sachs

JP Morgan

Morgan Stanley

Société Générale

UBS

Structured products house of the year

UBS (winner)

BNP Paribas

Credit Suisse

Deutsche Bank

Goldman Sachs

JP Morgan

Nomura

Société Générale

Research and strategy house of the year

BNP Paribas (winner)

Bank of America Merrill Lynch

Barclays

Citi

Société Générale

UBS

Clearing bank of the year

Bank of America Merrill Lynch (winner)

Citi

Credit Suisse

HSBC

JP Morgan

Morgan Stanley

Corporate solutions house of the year

Société Générale (winner)

BNP Paribas

Deutsche Bank

HSBC

JP Morgan 

Morgan Stanley

Nomura

Corporate risk management team of the year

Pemex (winner)

Enel

Swiss Re

Risk management advisory firm of the year

Rothschild & Co (winner)

Chatham Financial 

J.C. Rathbone Associates

Specialist liquidity provider of the year — overall

XTX Markets (winner)

Citadel Securities

Virtu Financial

Specialist liquidity provider — fixed income derivatives

Citadel Securities (winner)

Jump Trading

Susquehanna International Group

XTX Markets

Specialist liquidity provider — equity derivatives

XTX Markets (winner)

Citadel Securities

Virtu Financial

Specialist liquidity provider —FX derivatives

XTX Markets (winner)

Virtu Financial

Hedge fund of the year

Citadel (winner)

Bridgewater Associates 

Millennium Management

TCI Fund Management

Two Sigma Investments

Viking

Global law firm of the year — overall

Linklaters (winner)

Allen & Overy

Ashurst 

Clifford Chance

Mayer Brown

Morrison & Foerster

European law firm of the year — regulatory

Morrison & Foerster (winner)

Allen & Overy

Ashurst 

Clifford Chance

Linklaters

Mayer Brown

European law firm  of the year — transactions

Mayer Brown (winner)

Allen & Overy 

Ashurst 

Clifford Chance

Morrison& Foerster

Linklaters

Norton Rose Fulbright

Asia-Pacific law firm of the year — regulatory

Ashurst (winner)

Allen & Overy

Clifford Chance

Linklaters

Asia-Pacific law firm of the year — transactions

Allen & Overy (winner)

Clifford Chance

King & Wood Mallesons

Linklaters

Data and analytics vendor of the year

Tullett Prebon Information (winner)

Bloomberg

ICE Data Services

IHS Markit

Numerix

Risk management, pricing and valuation provider of the year

IHS Markit (winner)

ICE Data Services

NEX

Numerix

Index product creator and developer of the year

MSCI (winner)

Bloomberg

FTSE Russell

IHS Markit

S&P Dow Jones Indices

Stoxx

Index administration and benchmark services provider of the year

IHS Markit (winner)

Bloomberg

Intercontinental Exchange (ICE)

S&P Dow Jones Indices

Interdealer broker of the year

Tradition (winner)

BGC Partners (BGC/GFI)

ICAP

Tullett Prebon

Equity derivatives interdealer broker of the year

ICAP (winner)

BGC Partners (BGC/GFI)

Tradition

Tullett Prebon

FX derivatives interdealer broker of the year

Tullett Prebon (winner)

BGC Partners (BGC/GFI)

ICAP

Tradition

Interest rate derivatives interdealer broker of the year

ICAP (winner)

BGC Partners (BGC/GFI)

Tradition

Tullett Prebon

Credit derivatives interdealer broker of the year

Tradition (winner)

BGC Partners (BGC/GFI)

Creditex

Icap

Tullett Prebon

OTC trading venue of the year

NEX — EBS (winner)

BGC Partners

Bloomberg

Icap

Tradeweb Markets

Tradition

Tullett Prebon

Thomson Reuters

360T

trueEX

Compression service of the year

Capitalab (BGC Partners) (winner)

CME Group

LCH

TriOptima 

Derivatives clearing house of the year

LCH (winner)

CME Group

Eurex Clearing

ICE Clear

Global derivatives exchange of the year

CME Group (winner)

Chicago Board Options Exchange

Eurex

Intercontinental Exchange (ICE)

Nasdaq

European derivatives exchange of the year

London Stock Exchange (winner)

Eurex

Intercontinental Exchange (ICE)

Asia-Pacific derivatives exchange of the year

Singapore Exchange (winner)

Hong Kong Exchange

Japan Exchange Group

Korea Exchange

Taiwan Futures Exchange

  • By Ross Lancaster
  • 26 Sep 2018

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 300,564.69 1167 8.07%
2 JPMorgan 292,705.55 1273 7.86%
3 Bank of America Merrill Lynch 274,298.19 930 7.36%
4 Barclays 227,796.85 849 6.12%
5 Goldman Sachs 201,953.92 668 5.42%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 43,084.26 173 7.10%
2 JPMorgan 38,694.99 77 6.38%
3 Credit Agricole CIB 32,927.59 157 5.43%
4 UniCredit 32,342.86 144 5.33%
5 SG Corporate & Investment Banking 31,187.44 119 5.14%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 12,840.88 54 8.97%
2 Goldman Sachs 12,059.06 58 8.42%
3 Citi 9,451.48 53 6.60%
4 Morgan Stanley 8,054.41 48 5.62%
5 UBS 7,829.15 30 5.47%