For the second year in succession, UBS and JP Morgan have
won the top two prizes in Profit &
Loss’s Digital FX Awards, which were presented at a dinner sponsored by LMAX Exchange in London last night.
For the fourth year in succession, UBS’s Neo won Best Platform,
it was also named as Best Rates Platform and Best Structured Products Platform.
Of note, UBS also won an unprecedented 10th Post Trade Award in a
Meanwhile JP Morgan reinforced its success from 2016 when it
first won Best FX Platform by carrying off the award again in 2017. The bank
also added the Best Mobile Platform, Best Banks Platform and Best Real Money
Platform to notch four trophies for the first time in the Digital FX Awards’
Elsewhere, there were also four awards for Citi’s Velocity
platform and three for both BNP Paribas and Morgan Stanley.
“This year’s Digital FX Awards have reinforced last year’s
in highlighting how well UBS continues to build on the original vision of Neo,”
says Colin Lambert managing editor of Profit
& Loss. “Neo feels like a living, breathing organism – it is a modern
platform for modern markets.
“JP Morgan has not sat on its laurels having won Best FX
Platform last year, rather it has added more products and functionality that
are offered in the same visually rich format,” Lambert continues. “Although
competition will grow in 2017-18, over the past 12 months JP Morgan has
actually increased the gap between it and the chasing pack. There is little
doubt that JP Morgan is currently the number one e-FX player on the street,
combining great technology, scale and breadth of services, and eXecute is the
shop window for this excellence.”