The FoXy’s: Profit & Loss Readers’ Choice Awards

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.

Market Maker Awards

Best Market Maker in Major Currencies

1. Citadel Securities

2. JP Morgan

3. XTX Markets

Best Market Maker in Commonwealth Currencies

1. JP Morgan

2. XTX Markets

3. Barclays/Citi

Best Market Maker in Emerging Markets


2. Standard Chartered Bank

3. JP Morgan

Best Market Maker in FX Options

1. UBS

2. BNP Paribas / JP Morgan

3. Citi

Best Market Maker in FX Forwards

1. JP Morgan

2. Citi

3. Deutsche

Best Market Maker in NDFs

1. Citi

2. Deutsche Bank

3. Goldman Sachs

Best FX Prime Brokerage Bank

1. Citi

2. Deutsche Bank

3. BNP Paribas

Best FX Algo Execution

1. Credit Suisse

2. BNP Paribas

3. Bank of America Merrill Lynch

Galen Stops

Share This

Share on facebook
Share on google
Share on twitter
Share on linkedin
Share on reddit

Related Posts in

Profit & Loss is no longer publishing

Thank you for 21 great years of support