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
