GLOBAL DERIVATIVES AWARDS
The only derivatives awards recognising outstanding market participants from across Europe, Asia, and the Americas
Winners chosen by a pitch process
GLOBAL DERIVATIVES AWARDS
The only derivatives awards recognising outstanding market participants from across Europe, Asia, and the Americas
Winners chosen by a pitch process
The Derivatives Awards recognise leading banks, brokers, service providers, law firms, exchanges, and other key players for their contributions to the derivatives market.
Uniquely, the winners are chosen by a two-step process: a nomination process to shape the shortlists, followed by a live pitch, in which shortlisted candidates present directly to GlobalCapital to make their case to win their award category.
Each year, two award ceremonies are held to celebrate achievements across the global derivatives market — one for Europe & Asia, and another for the Americas.
Each ceremony brings together more than 100 senior professionals to network and celebrate. The winners are revealed live at the ceremony, and the following day on the GlobalCapital website.
GoldenTree is an employee-owned, global asset management firm that specializes in opportunities across the credit universe in sectors such as high yield bonds, leveraged loans, private credit, distressed debt, structured credit, emerging markets, real estate, private equity and credit-themed equities.
GoldenTree was founded in 2000 and is one of the largest independent asset managers focused on credit.
GoldenTree manages nearly $60 billion for institutional investors including leading public and corporate pensions, endowments, foundations, insurance companies and sovereign wealth funds.
The Derivatives Awards focus on innovation, growth and work to improve the derivatives industry, as well as extraordinary effort on behalf of clients. The winners of the are chosen based on a two-stage process. In February, those active in the derivatives industry are invited to submit a written entry to put themselves forward for inclusion in the shortlists. Market participants are also given the opportunity to nominate other entities to be shortlisted.
Using these entries and nominations, alongside our own independent research, GlobalCapital will publish a shortlist of nominees for each category in April, from which the winner will be selected. Nominees are invited to pitch to win in each category throughout May and June.
When selecting this year’s winners and nominees, judges will be looking for examples of innovation, growth and work to improve the derivatives industry, as well as extraordinary effort on behalf of clients. Differentiation is key and your submission and pitch should demonstrate how you have stood out from your competitors in your performance, what you offer to clients, or in your strategy
Judges will also be interested in how organisations are future-proofing their businesses in relation to areas such as technology, regulation, market dynamics and ESG.
Before taking part, please ensure you have reviewed the full award guidelines below.
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During the nominations period, organisations are invited to put themselves forward for inclusion in this shortlist. To this, they may either provide a short submission, or respond to our entry questions – detailing any notable developments over the awards judging period of April 1 2024 to March 31 2025.
We also invite participants to nominate other entities. These can either be competitors, or other members of the derivatives ecosystem who have impressed over the year. For example, a bank may nominate a broker, or a law firm a bank. This is optional, but it is your opportunity to play a role in shaping the shortlist.
These submissions and nominations will be used along with our own, independent research to create the shortlist. Those nominated will then be invited to pitch to win in their category.
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Organisations included on the shortlist will be invited to pitch to GlobalCapital to win their category.
Pitch meetings will last around 30 minutes, and organisations with multiple nominations are welcome to cover several categories in a single session. The awards cover the period from April 1, 2024 to March 31, 2025.
Judging criteria:
When evaluating nominations and pitches, judges will be looking for examples of:- Innovation, growth, and efforts to improve the derivatives industry.
- Outstanding client service.
- Clear evidence of how your organisation has differentiated itself from competitors through performance, strategy and product offering.
- Efforts to future-proof the business, for example in areas such as technology, regulation and ESG.
These criteria apply equally to both the nomination submissions and the pitch meetings. - Innovation, growth, and efforts to improve the derivatives industry.
The categories for the 2025 GlobalCapital Derivatives Awards have been carefully selected to reflect the latest industry trends, changes and key growth areas.
Awards categories are consistent for the Awards celebrating players across Europe and Asia, as well as the Americas.
While the awards categories remain consistent across regions, they are presented separately to highlight achievements and excellence within specific markets. This regional approach ensures more relevant and meaningful recognition for organisations operating globally and across the Americas.
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Global Derivatives House of the Year (no shortlist/pitches)
Derivatives House of the Year: Europe & Asia (no shortlist/pitches)
Equity Derivatives House of the Year: Europe & Asia
FX Derivatives House of the Year: Europe & Asia
Credit Derivatives House of the Year: Europe & Asia
Interest Rate Derivatives House of the Year: Europe & Asia
Structured Products House of the Year: Europe & Asia
Commodity Derivatives Bank of the Year: Europe & Asia
Research & Strategy House of the Year: Europe & Asia
Clearing Bank of the Year: Europe & Asia
Inflation Derivatives House of the Year: Europe & Asia
Derivatives Risk Solutions House of the Year: Europe & Asia
Volatility Derivatives House of the Year: Europe & Asia
Custodian Bank of the Year
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Global Law Firm of the Year – Overall (no shortlist/pitches)
European Law Firm of the Year
Asia-Pacific Law Firm of the Year
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Global Derivatives Exchange of the Year
European Derivatives Exchange of the Year
Asia Pacific Derivatives Exchange of the Year
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Specialist Liquidity Provider of the Year – Europe & Asia
Hedge Fund of the Year
Data and Analytics Vendor of the Year – Europe & Asia
Global Pricing and Valuation Provider of the Year
Global Counterparty Risk Provider of the Year
Global Market Risk Provider of the Year
Regulatory Solutions provider of the Year
Index Product Creator and Developer of the Year
OTC Trading Venue of the Year
Optimisation Service of the Year – Europe & Asia
Placement Agent of the Year
Derivatives Technology Provider of the Year
Digital Asset Service Provider of the Year
Weather Derivatives Service Provider of the Year
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Global Interdealer Broker of the Year (no shortlist/pitches)
Interdealer Broker of the Year – Europe & Asia
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Thought Leader in ESG
Industry Association of the Year
Digital Solution of the Year
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Americas Derivatives House of the Year (no shortlist/pitches)
Canada Derivatives House of the Year
Latin America Derivatives House of the Year
Americas Equity Derivatives House of the Year
Americas Credit Derivatives House of the Year
Americas FX Derivatives House of the Year
Americas Interest Rate Derivatives House of the Year
Americas Structured Products House of the Year
Americas Commodity Derivatives bank of the Year
Americas Research and Strategy House of the Year
Americas Derivatives Clearing Bank of the Year
Americas Inflation Derivatives House of the Year
Americas Derivatives Risk Solutions House of the Year
Americas Volatility Derivatives House of the Year
Custodian Bank of the Year
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Americas Law Firm of the Year – Overall (no shortlist/pitches)
US Law Firm of the Year
Canada Law Firm of the Year
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Global Derivatives Exchange of the Year
Americas Derivatives Exchange of the Year
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Americas Specialist Liquidity Provider of the Year
Hedge Fund of the Year
Americas Data and Analytics Vendor of the Year
Americas Risk Management Advisory Firm of the Year
Regulatory Solutions provider of the Year
Index Product Creator and Developer of the Year
OTC Trading Venue of the Year
Americas Optimisation Service of the Year
Americas Derivatives Clearing House of the Year
Placement Agent of the Year
Americas Swap Execution Facility of the Year
Derivatives Technology Provider of the Year
Digital Asset Service Provider of the Year
Weather Derivatives Service Provider of the Year
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Americas Interdealer Broker of the Year
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Thought Leader in ESG
Industry Association of the Year
Digital Solution of the Year
Congratulations to all our nominees and winners! A huge thank you to everyone who contributed to the 2024 GlobalCapital Derivatives Awards through submissions and pitch interviews.
The 2024 winners represent the very best of the talent and innovation driving the global derivatives market forward.
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Global Derivatives House of the YearWinner: BNP ParibasDerivatives House of the Year: Europe & AsiaWinner: BNP ParibasEquity Derivatives House of the Year: Europe & AsiaWinner: BNP Paribas
HSBC
Natixis
Société GénéraleFX Derivatives House of the Year: Europe & AsiaWinner: BNP Paribas
Citi
Deutsche Bank
J.P. Morgan
NatixisCredit Derivatives House of the Year: Europe & AsiaWinner: Barclays
BNP Paribas
Citi
Deutsche Bank
J.P. MorganInterest Rate Derivatives House of the Year: Europe & AsiaWinner: Nomura
BNP Paribas
Natixis
Société GénéraleStructured Products House of the Year: Europe & AsiaWinner: BNP Paribas
Crédit Agricole CIB
Natixis
Société GénéraleCommodity Derivatives Bank of the Year: Europe & AsiaWinner: Natixis
Bank of America
Goldman Sachs
HSBCResearch & Strategy House of the Year: Europe & AsiaWinner: BNP Paribas
Barclays
UBSClearing Bank of the Year: Europe & AsiaWinner: Barclays
BNP Paribas
Citi
HSBCVolatility Derivatives House of the Year: Europe & AsiaWinner: Société Générale
BNP Paribas
Deutsche BankDerivatives Risk Solutions House of the YearWinner: Santander
BNP Paribas
Société GénéraleCustodian Bank of the YearWinner: Bank of New York Mellon
BNP Paribas
Citi
Northern Trust
State Street
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Specialist Liquidity Provider of the Year – Europe & AsiaWinner: Citadel Securities
Jump Trading
Optiver
XTX MarketsHedge Fund of the YearWinner: GoldenTree Asset Management
BlackRock
Citadel
ExodusPoint Capital Management
Millennium ManagementData and Analytics Vendor of the Year – Europe & AsiaWinner: Société Générale
Fenics Market Data
Numerix
Parameta Solutions
S&P GlobalGlobal Pricing and Valuation Provider of the YearWinner: Numerix
FinPricing
Quantifi
S&P Global
Skylight IPVGlobal Risk Management Provider of the YearWinner: Quantifi
Likezero
Numerix
OpenGamma
Quantile
S&P GlobalRegulatory Solutions Provider of the Year : Europe & AsiaWinner: Acadia
Droit
JWG Group
LSEG Post Trade – Regulatory Reporting
Novatus Advisory
OpenGamma
Skylight IPVIndex Product Creator and Developer of the YearWinner: MSCI
Bloomberg
FTSE Russell
S&P Dow Jones Indices
SolactiveOTC Trading Venue of the YearWinner: Fenics Go
Fusion
OTCX
Tradeweb
Trad-XOptimisation Service of the Year: AsiaWinner: OSTTRA
Capitalab
Capitolis
QuantileOptimisation Service of the Year: EuropeWinner: Quantile
Capitalab
Capitolis
OSTTRADerivatives Clearing House of the Year: Europe & AsiaWinner: Quantile
Capitalab
Capitolis
OSTTRAPlacement Agent of the YearWinner: Stone Mountain Capital
Eaton Partners
Evercore Private Funds Group
PJT Park HillDerivatives Technology Provider of the YearWinner: Derivative Path
Cassini
Likezero
Numerix
Quantifi
Transcend StreetDigital Asset Service Provider of the YearWinner: FTSE Russell
Bosonic
Compass Financial Technologies
GFO-X
Paxos Trust CompanyWeather Derivatives Service Provider of the YearWinner: Parameter Climate
CME Group
Enel Global Trading
Speedwell Weather
TP ICAP
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Global Interdealer Broker of the YearWinner: TP ICAPInterdealer Broker of the Year: Europe & AsiaWinner: BGC Group
TP ICAP
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Global Law Firm of the YearWinner: Latham & WatkinsAsia-Pacific Law Firm of the YearWinner: Clifford Chance
A&O Shearman
Ashurst
King & Wood Mallesons
Latham & Watkins
LinklatersEuropean Law Firm of the YearWinner: Mayer Brown
A&O Shearman
Clifford Chance
Latham & Watkins
Linklaters
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Global Derivatives Exchange of the Year
CME Group
European Derivatives Exchange of the Year
Eurex
Asia Pacific Derivatives Exchange of the Year
SGX GroupEuropean Derivatives Exchange of the YearWinner: Eurex
CME Group
Euronext
ICEGlobal Derivatives Exchange of the YearWinner: CME Group
CBOE Global Markets
Eurex
ICEAsia Pacific Derivatives Exchange of the YearWinner: SGX Group
Asia Pacific Exchange
Bursa Malaysia Derivatives Berhad
HKEX
JPX
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Industry Association of the YearWinner: ISDA
FIA
SIFMADigital Solution of the YearWinner: Marex Solutions
Ascent RLM
ION
ISDA Digital Regulatory ReportingThought Leader in ESGWinner: BNP Paribas
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Americas Derivatives House of the YearWinner: Bank of AmericaCanada Derivatives House of the YearWinner: CIBC Capital Markets
RBC Capital Markets
TD SecuritiesLatin America Derivatives House of the YearWinner: Santander
BBVA
BNP ParibasAmericas Equity Derivatives House of the YearWinner: Bank of America
Citi
Morgan StanleyAmericas Credit Derivatives House of the YearWinner: Barclays
Bank of America
CitiAmericas FX Derivatives House of the YearWinner: Citi
Bank of America
J.P. MorganAmericas Interest Rate Derivatives House of the YearWinner: Citi
Bank of America
J.P. Morgan
Morgan StanleyAmericas Structured Products House of the YearWinner: Société Générale
BNP Paribas
J.P. MorganAmericas Commodity Derivatives Bank of the YearWinner: Bank of America
Citi
Morgan StanleyAmericas Research and Strategy House of the YearWinner: Bank of America
Barclays
Citi
UBSAmericas Derivatives Clearing Bank of the YearWinner: Bank of America
Barclays
Citi
Société Générale
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Americas Specialist Liquidity Provider of the YearWinner: Citadel Securities
Headlands
Jump Trading
XTX MarketsHedge Fund of the YearWinner: GoldenTree Asset Management
BlackRock
Citadel
ExodusPoint Capital Management
Millennium ManagementAmericas Data and Analytics Vendor of the YearWinner: Fenics Market Data
ICE Data Services
Numerix
Parameta Solutions
S&P GlobalGlobal Pricing and Valuation Provider of the YearWinner: Numerix
FinPricing
Quantifi
S&P Global
Skylight IPVAmericas Risk Management Advisory Firm of the YearWinner: Derivative Path
Adenza
Bloomberg Professional Services
Chatham Financial
Promontory Financial GroupAmericas Regulatory Solutions Provider of the YearWinner: Droit
Acadia
JWG Group
LSEG Post Trade – Regulatory Reporting
Novatus Advisory
OpenGamma
Skylight IPVOTC Trading Venue of the YearWinner: Fenics Go
Fusion
OTCX
Tradeweb
Trad-XAmericas Optimisation Service of the YearWinner: OSTTRA
Capitalab
Capitolis
QuantileAmericas Derivatives Clearing House of the YearWinner: CME Group
LCH
Nodal Clear
OCCDerivatives Technology Provider of the YearWinner: Derivative Path
Cassini
Likezero
Numerix
Quantifi
Transcend Street
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Global Interdealer Broker of the YearWinner: TP ICAPAmericas Interdealer Broker of the YearWinner: TP ICAP
BGC Group
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Global Law Firm of the YearWinner: Latham & WatkinsAmericas Law Firm of the YearMayer BrownUS Law Firm of the YearWinner: A&O Shearman
Cadwalader
Cleary Gottlieb Steen & Hamilton
Clifford Chance
Latham & Watkins
Mayer BrownCanada Law Firm of the YearWinner: Stikeman Elliott
Blakes Cassels & Graydon
Borden Ladner Gervais
McCarthy Tétrault
Osler Hoskin & Harcourt
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Global Derivatives Exchange of the Year
CME Group
Americas Derivatives Exchange of the Year
CME GroupGlobal Derivatives Exchange of the YearWinner: CME Group
CBOE Global Markets
Eurex
ICEAmericas Derivatives Exchange of the YearWinner: CME Group
B3 - Bolsa do Brasil
CBOE
Nasdaq
Nodal
Put your organisation at the forefront of the most prestigious celebrations in international derivatives market.
We offer tailored sponsorship opportunities designed to further elevate your organisation's positioning and visibility. Whether you're looking to build brand awareness, connect with key decision makers, or showcase your expertise, there's a sponsorship opportunity designed to meet your goals.
Please speak with a member of our team to find out which sponsorship opportunity best suits your organisation and to request pricing.
Each year, GlobalCapital holds two award ceremonies to celebrate achievements from across the global derivatives market — one for Europe & Asia, and one for the Americas.
- Recognising market participants from across Europe and Asia —
September 11, 2025 | London. - Recognising market participants from across the Americas —
September 24, 2025 | New York.
Our Derivatives Awards ceremonies bring together more than 100 senior professionals from across the global derivatives industry for an evening of networking, recognition and celebration.
The awards ceremonies provide a fantastic opportunity to honour the brightest and the best within the industry and raise a glass to the winners.
We offer three attendance packages: Platinum, Gold, and Associate, each providing varying levels of visibility and prestige.
Please speak with a member of our team to explore which package best suits your organisation and to request pricing. Limited seats available.
Awards enquiries
Ekta Kharat, Awards and Market Intelligence Research Analyst