NEW YORK, November 16, 2016 — Global Finance magazine has named its seventeenth annual World's Best FX Providers in 93 countries and seven global regions, as well as the best banks for corporate currency hedging, the best online FX platforms and the best providers of FX research in an exclusive survey to be published in the January 2017 issue.
Criteria for choosing the FX Providers winners included transaction volume, market share, scope of global coverage, customer service, competitive pricing and innovative technologies. Global Finance also considered input from industry analysts, corporate executives and technology specialists.
For the first time, Global Finance has also named its Corporate FX Awards honorees, covering Foreign Exchange management in four global and seven regional categories.
Criteria for the Corporate FX Awards included clearly defined risk management policies, handling of crisis situations, measurement of FX exposure, and cost of hedging. The main objective of FX risk management is to minimize losses, and not to seek profit from currency movements.
"The global turmoil of recent years shows no signs of abating, with dramatic incidents such as the UK's Brexit vote or the US election of Donald Trump having major impact on currencies. The winners of these awards have been successful in navigating these minefields." said Joseph D. Giarraputo, publisher and editorial director of Global Finance.
The complete list of Global Finance's World's Best FX Providers and the Best Corporate FX Awards 2017 can be found on the following pages.
For editorial information please contact Andrea Fiano, afiano@gfmag.com
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GLOBAL AWARDS |
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Best Global Foreign Exchange Bank |
UBS |
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Best Provider of e-FX Solutions |
360T |
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Best Liquidity Provider |
Thomson Reuters |
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REGIONAL AWARDS |
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North America |
Citi |
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Western Europe |
UBS |
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Central & Eastern Europe |
Societe Generale |
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Latin America |
Citi |
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Asia-Pacific |
DBS Bank |
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Africa |
Standard Bank |
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Middle East |
National Bank of Kuwait |
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FX RESEARCH & ANALYSIS |
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FX Research |
BNY Mellon |
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Fundamental Analysis |
Brown Brothers Harriman |
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Technical Analysis |
BNY Mellon |
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Forecasts |
Mizuho Americas |
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CORPORATE CURRENCY HEDGING |
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Best Bank For Corporate Currency Hedging |
Citi |
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Best Bank For Cash Flow Hedging |
HSBC |
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Best Bank For Balance Sheet Hedging |
Societe Generale |
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Best Bank For FX Options |
Societe Generale |
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Best Bank For FX Forwards |
Bank of America Merrill Lynch |
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COUNTRY AWARDS I |
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Algeria |
Societe Generale |
Egypt |
Commercial International Bank |
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Angola |
Banco Millennium Atlântico |
El Salvador |
Citi |
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Argentina |
Banco Macro |
Estonia |
SEB Pank |
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Armenia |
Ameriabank |
Finland |
Nordea |
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Australia |
ANZ |
France |
Societe Generale |
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Austria |
Bank Austria |
Gambia |
Ecobank |
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Bahrain |
Ahli United Bank |
Georgia |
Bank of Georgia |
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Belarus |
Belarusbank |
Germany |
Commerzbank |
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Belgium |
KBC Bank |
Ghana |
GCB Bank |
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Bermuda |
Butterfield Bank |
Greece |
Piraeus Bank |
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Bolivia |
Banco BISA |
Guatemala |
Banco Industrial |
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Botswana |
First National Botswana |
Hong Kong |
HSBC |
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Brazil |
Itaú Unibanco |
Hungary |
OTP Bank |
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Bulgaria |
DSK Bank |
India |
ICICI Bank |
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Canada |
RBC Capital Markets |
Indonesia |
Bank Mandiri |
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Chile |
Banco de Chile |
Ireland |
Allied Irish Banks |
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China |
Bank of China |
Israel |
Bank Leumi |
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Colombia |
Banco de Bogotá |
Italy |
UniCredit |
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Costa Rica |
Scotiabank |
Jamaica |
Scotiabank |
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Cote d'Ivoire |
Ecobank |
Japan |
Mitsubishi UFJ Financial |
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Cyprus |
Bank of Cyprus |
Jordan |
Arab Bank |
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Czech Republic |
CSOB |
Kazakhstan |
Eurasian Bank |
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Denmark |
Saxo Bank |
Kenya |
CfC Stanbic Bank |
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Ecuador |
Banco de Guayaquil |
Kuwait |
National Bank of Kuwait |
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