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
