Global Finance
Names the 2013 World’s Best Derivatives Providers
New York, October 24, 2013
– The editors of
Global Finance
have announced the winners of its Best Derivatives Providers awards for 2013. A full report on the awards and the winners will appear in the December issue of
Global Finance
. This is the ninth year Global Finance has selected banks and exchanges as winners and the second time the awards have been presented as part of our Best Global Risk Management Awards report, which honor the entire universe of risk management, insurance and derivative providers.
Global Finance
s editors based selections primarily on in-depth interviews and email exchanges with end users of derivatives. Among the sources were financial research analysts, traders, risk managers of financial and nonfinancial corporations, as well as portfolio managers of mutual funds and hedge funds, with an emphasis on funds and corporations that have distinguished themselves with relative outperformance since the global financial crisis of 2008. Providers also had the opportunity to submit entries for consideration.
Sources considered a range of subjective and quantitative criteriasuch as product innovation, the quality of information that providers supply in the process of executing a deal, the breadth of liquid names in which a provider makes markets, a providers willingness to use its own balance sheet to offer liquidity to a client, and the inclination of a provider to step into the breach in a high-risk situation.
Another important criterion that clients cite in choosing a provider is pricing. As sweeping regulatory reforms in derivatives trading seize both the US and the EU, and regulators succeed in driving more trading onto the worlds largest securities exchanges, commissions and spreads are becoming more transparent than ever. This historic development has given clients a clear advantage in negotiations with their providers in a year marked by increasingly unpredictable swings in the equity, commodities and currency markets.
Regulatory reforms and the emergence of new competitors are transforming the over-the-counter derivatives markets. Our winners are those who have the confidence of their clients as they face unknown challenges ahead, said Joseph Giarraputo, publisher of
Global Finance
. The full list of winners by type of product, region, and exchange awards for Performance and Achievement follows.
| Best Interest Rate Derivatives Provider | Citi |
| Best Credit Derivatives Provider | Goldman Sachs |
| Best Equity Derivatives Provider | Bank of America Merrill Lynch |
| Best FX Derivatives Provider | Citi |
| Best Commodity Derivatives Provider | Morgan Stanley |
| Best Interest Rate Derivatives Provider | Deutsche Dank |
| Best Credit Derivatives Provider | Credit Suisse |
| Best Equity Derivatives Provider | Societe Generale |
| Best FX Derivatives Provider | Deutsche Bank |
| Best Commodity Derivatives Provider | BNP Paribas |
| Best Interest Rate Derivatives Provider | HSBC |
| Best Credit Derivatives Provider | Nomura |
| Best Equity Derivatives Provider | Societe Generale |
| Best FX Derivatives Provider | HSBC |
| Best Commodity Derivatives Provider | Deutsche Bank |
| Best Derivatives Provider | Citi |
| Best Derivatives Provider | HSBC |
| Achievement Award | IntercontinentalExchange (ICE) |
| Performance Award | CME Group |
