JP Morgan was the big winner of this year’s revamped FX Markets Best Banks Awards, with the US bank picking up six awards across the spot, derivatives and service categories.
BNP Paribas won three awards, while Barclays, Deutsche Bank, NatWest Markets and Santander grabbed two each.
The 2022 version of the Best Banks Awards were the first under a new process involving the combination of an online and telephone-based survey in which dealers were assessed on their market-making capabilities across several key currency pairs and instruments.
Feedback was collected from more than 300 market participants consisting of asset managers, corporates and fund managers. Online responses were carefully screened to ensure each vote was legitimate. FX Markets also interviewed a number of large users of FX products to ensure their views were reflected in the results.
Respondents were asked to select their preferred three…
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