Asia FX Awards 2024: The winners
FX Markets is delighted to announce the winners of the Asia FX Awards 2024.
The seventh edition of the Asia FX Awards recognises and showcases the best banks, dealers, brokers and currency managers in the Asia-Pacific region (Apac).
In the past 12 months, market participants have had to stay alert to continuing geopolitical risks, troubled economies, diverging monetary policy, fragmented liquidity and periods of volatility. The increasing transparency and electronification of FX markets is also driving further innovation, as firms seek efficiencies, insight and competitive differentiation.
These issues have a significant impact on the FX market and highlight the growing importance of risk management for the months to come.
The FX Markets Asia FX Awards present 43 categories, determined by an esteemed judging panel comprising industry experts and FX professionals across Apac. They have paid attention to firms that brought unique and innovative ways to fulfil industry needs in the past 12 months.
Congratulations to our winners and thank you to all who entered this year’s awards.
Best FX analytics provider
oneZero
Best dealing technology vendor
SOLVE
Best trading platform for retail
OCBC Bank
Best algo provider
BNP Paribas
Best bank for large corporates
OCBC Bank
Best buy-side FX trading platform
Bloomberg
Best emerging markets trading platform
Deutsche Bank
Best G10 trading platform
FXSpotStream
Best bank for e-trading
HSBC
Best clearing house
LCH ForexClear
Best trading platform for spots
CME Group
FX house of the year
Australia
Westpac
FX house of the year
Singapore
OCBC Bank
Best compression/optimisation service for FX
HSBC
Best bank for post-trade services
State Street – TradeNeXus and StreetFX
Best bank FX liquidity provider
Deutsche Bank
Best exchange
SGX Group
Best FX prime of prime
Saxo
Best market data provider
Fenics Market Data
Best settlement and risk mitigation solution
RTGS.global
Best single-dealer platform
UBS
Best trading platform for FX derivatives
CME Group
Best trading platform for options
Digital Vega
FX house of the year
Hong Kong
HSBC
FX house of the year
Indonesia
PT Bank OCBC
FX house of the year
Malaysia
OCBC Bank Malaysia
FX house of the year
Thailand
HSBC
FX house of the year
Vietnam
HSBC
Best blockchain technology service provider
Talos
Best bank for NDFs
UBS
Best bank for research
OCBC Bank
Best bank for SMEs
ING
Best broker for spot
CMC Connect
Best FX ECN
Euronext Markets Singapore
Best new venue initiative
Reactive Markets
Best trading platform for forwards/swaps
360T
FX house of the year
Japan
UBS
FX house of the year
South Korea
HSBC
Regional spot dealer – Apac
HSBC
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More on Awards
Best blockchain technology service provider: Talos
By building a robust ecosystem with a blueprint based on traditional asset classes, Talos has attracted a network of the most important institutional players to its digital asset trading platform
HSBC wins six Apac FX house of the year awards
With one of the strongest footprints in the Asia-Pacific region (Apac), HSBC provides international clients with an extensive local FX franchise while facilitating local clients’ access to international markets
Best FX prime broker and Best compression/optimisation service for FX: HSBC
With one of the largest FX networks worldwide – and strong coverage in Asia and other emerging markets – HSBC’s FX prime brokerage remains a strategic partner to key financial institutions
Best aggregator and Best FX analytics provider: oneZero
oneZero continues its rapid growth as FX brokers, banks and non-banks in Asia and beyond benefit from the advanced features its multi-asset trading and analytics technology provide
Firms seek optimisation gains as UMR and SA-CCR bite
A wider range of market participants is taking advantage of service providers such as OSTTRA’s optimisation cycles to drive margin and counterparty credit risk efficiencies across asset classes including FX, rates, equities, commodities and credit
Best FX overlay manager: State Street
In the most challenging market environment in many years, demand for State Street’s currency management offering spiked in 2022 as market participants sought assistance in minimising their FX risk and optimising their hedging activities
Best settlement initiative: CLS
Created 20 years ago to mitigate FX settlement risk, CLS continues to lead the settlement sphere with new solutions designed to meet the challenges of an ever-evolving FX market
Best single-dealer platform: Citi
To better connect its various FX solutions and allow its client base access to a broader set of markets, Citi has undertaken an ambitious project to consolidate its entire FX offering under its single-dealer platform
