Citigroup, Deutsche Bank and UBS Warburg led the FX forwards and FX options categories in FX Week’s awards again this year, confirming their dominance in derivatives.

UBS retained its top ranking in FX options overall with high regard from both its peers and institutional investors, in a year of high activity, the bank said. "In the first quarter of the year the options business was fairly slow and subdued," said John Meyer, global head of FX options at UBS Warburg in Stamford, Connecticut.

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