Global Derivatives Awards 2016 — the winners

On Tuesday, September 20, GlobalCapital held its annual Global Derivatives Dinner at Banking Hall in London and revealed the winners of its Global Derivatives Awards for 2016.

  • By Dan Alderson
  • 20 Sep 2016
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These awards honour the companies, platforms, services and products that have made an impact on the global derivatives market during the last 12 months.


This year has been framed by the global regulatory push on derivative markets reaching peak velocity, with both mandatory clearing of some products coming into force as well as margin rules for uncleared swaps in Canada, Japan and the US. 

It is against this backdrop that GlobalCapital’s 2016 awards recognise not only overall excellent performance but also the initiatives of teams within firms to adapt to some of the toughest challenges the market has yet faced. 

GlobalCapital began the nominations process in June, taking extensive feedback from the market to produce a range of relevant categories and a shortlist of contenders in each. The editorial team set out once again to recognise the pioneers of the derivatives industry, the innovators and thought leaders. As ever, we were interested to hear fresh ideas, a strong narrative and evidence of firms having been prepared to go the extra mile for their clients rather than simply continuing to enjoy a big market share.

GlobalCapital’s editorial panel then visited as many of the nominees as possible, to discuss what they have been doing with their businesses and the initiatives they had undertaken over the year. Considerations for each category included unique products and services, technological innovation, adaptive strategies, commitments to new markets and geographies, measures to improve efficiency and liquidity, initiatives to help improve market stability and oversight, as well as client guidance and advocacy. 

Most importantly, GlobalCapital wanted to reward those firms who had risen to the challenges that 2016 has brought, looked ahead to those coming up in 2017 and created valuable solutions and helped provide greater clarity for the market. 

Congratulations to the winners and runners up.

Derivatives bank of the year

Bank of America Merrill Lynch
BNP Paribas
Citi — Winner
Goldman Sachs
JP Morgan
Société Générale
UBS

Equity derivatives bank of the year
BNP Paribas
Citi — Winner
JP Morgan
Morgan Stanley
Société Générale
UBS

FX derivatives bank of the year
Barclays
Citi
Deutsche Bank
HSBC
JP Morgan
UBS— Winner

Interest rate derivatives bank of the year
Bank of America Merrill Lynch
BNP Paribas— Winner
Deutsche Bank
Goldman Sachs
JP Morgan
Société Générale

Credit derivatives bank of the year
Bank of America Merrill Lynch
Barclays
BNP Paribas— Winner
Citi
Credit Suisse
JP Morgan

Volatility derivatives bank of the year
BNP Paribas— Winner
Citi
Goldman Sachs
JP Morgan
Morgan Stanley
Société Générale

Structured products bank of the year
BNP Paribas
Credit Suisse— Winner
Deutsche Bank
Goldman Sachs
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
Morgan Stanley
JP Morgan

Single dealer electronic platform of the year
Barclays
Deutsche Bank
JP Morgan
Morgan Stanley
Société Générale
UBS (Neo)— Winner

Non-bank market maker of the year
Citadel Securities
Susquehanna International Group
Virtu Financial
XTX Markets— Winner

Hedge fund of the year
Citadel
DE Shaw
Millennium Management
Two Sigma Investments— Winner

Asset manager of the year
Amundi
BlackRock— Winner
State Street
Vanguard

Global law firm of the year – overall
Allen & Overy
Cadwalader Wickersham & Taft
Clifford Chance
Linklaters
Mayer Brown
Morrison & Foerster— Winner

European law firm of the year – regulatory
Allen & Overy
Clifford Chance
Linklaters
Mayer Brown— Winner
Morrison & Foerster

European law firm of the year – transactions
Allen & Overy 
Cadwalader Wickersham & Taft
Clifford Chance— Winner
Linklaters
Norton Rose Fulbright

Asia-Pacific law firm of the year – regulatory
Allen & Overy
Ashurst — Winner
Clifford Chance
Linklaters

Asia-Pacific law firm of the year – transactions
Allen & Overy
Clifford Chance— Winner
King & Wood Mallesons
Linklaters

Data and analytics vendor of the year
Bloomberg
ICE Data Services
IHS Markit
Numerix
Tullett Prebon Information— Winner

Index product creator and developer of the year
FTSE Russell
IHS Markit— Winner
MSCI
S&P Dow Jones Indices
Stoxx

Index admin and benchmark services provider of the year
Bloomberg
IHS Markit— Winner
Intercontinental Exchange
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
Tradition
Tullett Prebon— Winner

Credit derivatives interdealer broker of the year
BGC Partners (BGC/GFI)— Winner
Creditex
Icap
Tradition
Tullett Prebon

Swap execution facility of the year – CLOB
BGC
ICAP
Tradeweb DW
Tradition
Tullett Prebon (tpSEF)— Winner

Swap execution facility of the year – RFQ
Bloomberg
Thomson Reuters
Tradeweb Markets 
trueEX — Winner
360T

Swap execution facility of the year – overall
ICAP
Tradeweb— Winner
Tradition
trueEX
Tullett Prebon

Compression/compaction service of the year
Capitalab (BGC Partners)— Winner
CME
Tradeweb
TriOptima
trueEX

Derivatives clearing house of the year
CME Group
Eurex Clearing— Winner
ICE Clear
SwapClear/LCH.Clearnet

Global derivatives exchange of the year
Chicago Board Options Exchange
CME Group— Winner
Eurex
Intercontinental Exchange (ICE)

European derivatives exchange of the year
CME Group
Eurex— Winner
Intercontinental Exchange (ICE)
London Stock Exchange

Asia-Pacific derivatives exchange of the year
Hong Kong Exchange
Japan Exchange Group
Korea Exchange
Singapore Exchange— Winner




  • By Dan Alderson
  • 20 Sep 2016

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 346,320.74 1352 8.06%
2 JPMorgan 343,378.18 1476 8.00%
3 Bank of America Merrill Lynch 309,015.90 1077 7.20%
4 Barclays 258,961.92 980 6.03%
5 Goldman Sachs 229,669.56 780 5.35%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 49,417.52 212 6.45%
2 JPMorgan 46,414.84 105 6.06%
3 UniCredit 41,359.69 188 5.40%
4 Credit Agricole CIB 40,926.79 205 5.34%
5 SG Corporate & Investment Banking 40,522.15 156 5.29%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 14,734.91 64 9.29%
2 Goldman Sachs 13,469.15 66 8.49%
3 Citi 9,971.36 58 6.29%
4 Morgan Stanley 8,572.10 54 5.40%
5 UBS 8,414.70 37 5.30%