On Wednesday, GlobalCapital hosted its global derivatives awards for 2019 at a gala dinner at the Banking Hall in London. The sold out event saw Bank of America Merrill Lynch crowned global derivatives house of the year. Other winners included Mayer Brown, Credit Suisse, Citadel Securities, BMO Global Asset Management, BGC Partners, JCRA, LCH and Société Générale.
The process of deciding the winners began in the summer, when GlobalCapital began to meet with market participants to hear the stories of their firms’ successes over the last 12 months. Some 120 pitches were heard in total, and all contained stories of excellence. An editorial panel then decided the winners of the awards.
As ever, we were looking for the stories of innovation, going the extra mile for clients and industry advocacy that have powered the improvement of the global derivatives markets.
Those stories abounded and competition was so strong that it was more difficult than ever to decide the winners, who are listed below.
Our congratulations to the winners and the runners up.
Derivatives house of the year
Winner: Bank of America Merrill Lynch
Shortlisted: BNP Paribas, Citi, Goldman Sachs, JP Morgan, Morgan Stanley, Société Générale, UBS
Industry initiative of the year*
Winner: Société Générale
Equity derivatives house of the year
Winner: UBS
Shortlisted: Bank of America Merrill Lynch, Barclays, BNP Paribas, Citadel Securities, Citi, Goldman Sachs, JP Morgan, Morgan Stanley, Société Générale, XTX Markets
FX derivatives house of the year
Winner: Bank of America Merrill Lynch
Shortlisted: Barclays, Citi, Deutsche Bank, Goldman Sachs, HSBC, JP Morgan, UBS, XTX Markets
Interest rate derivatives house of the year
Winner: Bank of America Merrill Lynch
Shortlisted: BNP Paribas, Citadel Securities, Citi, Goldman Sachs, JP Morgan, Société Générale
Credit derivatives house of the year
Winner: JP Morgan
Shortlisted: Bank of America Merrill Lynch, Barclays, BNP Paribas, Goldman Sachs, Citi
Volatility derivatives house of the year
Winner: Nomura
Shortlisted: BNP Paribas, Citi, Deutsche Bank, Goldman Sachs, JP Morgan, Morgan Stanley, Société Générale, UBS
Structured products house of the year
Winner: Credit Suisse
Shortlisted: BNP Paribas, Deutsche Bank, Goldman Sachs, JP Morgan, Nomura, Société Générale, UBS
Research and strategy house of the year
Winner: BNP Paribas
Shortlisted: Bank of America Merrill Lynch, Barclays, Citi, Goldman Sachs, Société Générale, UBS
Clearing bank of the year
Winner: Credit Suisse
Shortlisted: Bank of America Merrill Lynch, Citi, HSBC, JP Morgan, Morgan Stanley
Corporate solutions house of the year
Winner: HSBC
Shortlisted: BNP Paribas, JP Morgan, Morgan Stanley, Nomura, Société Générale
Corporate risk management team of the year
Winner: Enel
Shortlisted: British American Tobacco, Dell, Google, Lufthansa, Swiss Re
Risk management advisory firm of the year
Winner: JCRA
Shortlisted: Chatham Financial, Rothschild & Co
Specialist liquidity provider of the year — Overall
Winner: Citadel Securities
Shortlisted: Tower Research Group, Virtu Financial, XTX Markets
Specialist liquidity provider of the year — Fixed income derivatives
Winner: Citadel Securities
Shortlisted: Jump Trading, Susquehanna International Group
Specialist liquidity provider of the year — Equity derivatives
Winner: XTX Markets
Shortlisted: Citadel Securities, Virtu Financial
Specialist liquidity provider of the year — FX derivatives
Winner: XTX Markets
Shortlisted: Virtu Financial
Hedge fund of the year
Winner: Citadel
Shortlisted: Bridgewater Associates, DE Shaw, Viking
Asset manager of the year
Winner: BMO Global Asset Management
Shortlisted: Amundi, BlackRock, Invesco, JP Morgan Asset Management, Pimco, State Street, Union Investment
Global law firm of the year — Overall
Winner: Mayer Brown
Shortlisted: Allen & Overy, Ashurst, Clifford Chance, Linklaters, Morrison & Foerster
European law firm of the year — Regulatory
Winner: Linklaters
Shortlisted: Allen & Overy, Ashurst, Clifford Chance, Mayer Brown, Morrison & Foerster
European law firm of the year — Transactions
Winner: Norton Rose Fulbright
Shortlisted: Allen & Overy, Ashurst, Clifford Chance, Linklaters, Mayer Brown, Morrison & Foerster
Asia Pacific law firm of the year — Regulatory
Winner: Clifford Chance
Shortlisted: Allen & Overy, Ashurst, Linklaters
Asia Pacific law firm of the year — Transactions
Winner: Clifford Chance
Shortlisted: Allen & Overy, King & Wood Mallesons, Linklaters
Data and analytics vendor of the year
Winner: IHS Markit
Shortlisted: CME Data, Bloomberg, ICE Data Services, Numerix, TP Data & Analytics
Risk management, pricing and valuation provider of the year
Winner: Numerix
Shortlisted: ICE Data Services, IHS Markit, TriOptima (CME Group formerly NEX Group)
Index product creator and developer of the year
Winner: MSCI
Shortlisted: Bloomberg, FTSE Russell, IHS Markit, S&P Dow Jones Indices, Stoxx
Regulatory solutions provider of the year
Winner: Droit
Shortlisted: RegTek, Open Gamma
Index administration and benchmark services provider of the year
Winner: IHS Markit
Shortlisted: Bloomberg, Intercontinental Exchange, S&P Dow Jones Indices
Interdealer broker of the year
Winner: BGC Partners
Shortlisted: Icap, Tradition, Tullett Prebon
Equity derivatives interdealer broker of the year
Winner: Tradition
Shortlisted: BGC Partners (BGC/GFI), Icap, Tullett Prebon
FX derivatives interdealer broker of the year
Winner: Tullett Prebon
Shortlisted: BGC Partners (BGC/GFI), Icap, Tradition
Interest rate derivatives interdealer broker of the year
Winner: Tullett Prebon
Shortlisted: BGC Partners (BGC/GFI), Icap, Tradition
Credit derivatives interdealer broker of the year
Winner: ICAP
Shortlisted: BGC Partners (BGC/GFI), Creditex, Tradition, Tullett Prebon
OTC trading venue of the year
Winner: Tradeweb Markets
Shortlisted: BGC Partners, Bloomberg, Icap, NEX — EBS (CME Group formerly NEX Group), Tradition, Tullett Prebon, Thomson Reuters, 360T
Compression service of the year
Winner: Quantile
Shortlisted: Capitalab (BGC Partners), CME Group, LCH, TriOptima (CME Group formerly NEX Group)
Derivatives clearing house of the year
Winner: LCH
Shortlisted: CME Group, Eurex Clearing, ICE Clear
Global derivatives exchange of the year
Winner: CME Group
Shortlisted: Cboe Global Markets, Eurex, Intercontinental Exchange, Nasdaq
European derivatives exchange of the year
Winner: CurveGlobal Markets (LSEG)
Shortlisted: Eurex, Intercontinental Exchange, EEX
Asia-Pacific derivatives exchange of the year
Winner: Singapore Exchange
Shortlisted: Hong Kong Exchange, Japan Exchange Group, Korea Exchange
*The Industry Initiative of the year award is chosen at the editorial panel’s discretion. It is judged from the pitches put forward across all categories and recognises initiatives and projects that strive to make a difference in any corner of the derivatives markets.
