Profit & Loss readers cast large numbers of votes this year for their preferred market makers
and service providers.

Last year was the first that we changed the category description from
banks to market makers to account for the larger proportion of non-banks that now comprise
an important part of market making, and this is again reflected in the results. The industry’s
changing dynamics are starting to show.

Voting, which spanned across time zones, was close in many categories, so we have listed the
top three for each category to acknowledge the runners up.

Service Provider Awards

Best FX Prime Provider

1. INTL FCStone

2. Saxo

3. Invast Global

Best FX Broker-Dealer

1. Saxo

2. Newedge / INTL FCStone

3. RJ O’Brien

Best FX Voice Broker

1. TP Icap

2. BGC

3. Tradition

Best FX Platform for Corporates

1. Thomson Reuters FXall

2. 360T

3. Currenex

Best FX Platform for Hedge Funds

1. Currenex

2. HotspotFX

3. LMAX Exchange

Best FX Platform for Asset Managers

1. FX Connect

2. Thomson Reuters FXall

3. FastMatch

Best FX Inter-Dealer Platform

1. EBS

2. Thomson Reuters

3. FastMatch

Best FX Margin Sector Platform

1. LMAX Exchange

2. Saxo

3. Oanda

Best FX Multi-Dealer Platform

1. Currenex

2. Thomson Reuters FXall

3. FXSpotStream


1. FastMatch

2. EBS

3. Thomson Reuters

Best Liquidity Aggregation Platform

1. FlexTrade

2. Portware

3. Tradair

Best Order Management System

1. Barracuda FX

2. SmartTrade

3. TradingScreen

Best Market Data Provider

1. Thomson Reuters

2. Bloomberg

3. Currenex

Best Post-Trade Provider

1. IHS Markit

2. Traiana

3. FX Connect Trade Services

Best in Connectivity

1. MarketFactory

2. Lucera

3. IHS Markit

Innovator of the Year

1. BestX

2. MarketFactory Reflector

3. XTX X-Ray

Galen Stops

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