Forex Newsletter - September 28, 2024

Euromoney Foreign Exchange Awards 2024

The Euromoney Foreign Exchange Awards 2024 have been announced, recognizing excellence and innovation in the global FX market.

• Capitolis Wins Top Honors: Capitolis has been named the World's Best FX Software Provider and the World's Best FX Technology Provider for Client Service in the 2024 Euromoney Foreign Exchange Awards. This recognition highlights Capitolis' commitment to delivering innovative solutions and exceptional client service.

Key Award Winners

• Best FX Exchange: CME Group has been recognized as the world's best FX exchange, achieving its highest-ever single-day traded volume for futures and options in 2023 and 2024.
• Best FX Clearing and Settlement Provider: CLS has been awarded for its role in settling over $6.5 trillion of payment instructions daily across 18 currencies, protecting settlement members and third-party participants from FX settlement risk.
• Best FX Market Innovator: BNP Paribas was recognized for its innovative personal digital execution assistant, ALiX, which has expanded to cover all available products in Cortex FX.
• Best FX Bank for Real-Money Clients: State Street was awarded for its strong performance in serving real-money clients, focusing on achieving better outcomes for them and their investors.

Market Innovations and Technologies

• FairXchange: Recognized for its mission to create an open and transparent marketplace, FairXchange has been awarded for its best FX trade analytics, facilitating the fair exchange of FX liquidity data.
• SmartTrade Technologies: This company has emerged as a leader in front-office FX technology development, particularly in AI and machine learning initiatives.

Industry Highlights

• The Euromoney Foreign Exchange Survey, now in its 44th year, continues to be the most comprehensive representation of the wholesale FX market. The awards program is submission-based and judged by a panel of global experts.

References: https://capitolis.com/capitolis-wins-worlds-best-fx-software-provider-in-2024-euromoney-foreign-exchange-awards/: https://www.euromoney.com/fx-awards: https://www.euromoney.com/awards/foreign-exchange-awards: https://www.euromoney.com/article/2dpv1vyj13vl7iq6xh8u9/awards/euromoney-fx-awards/the-worlds-best-fx-exchange-cme-group: https://www.businesswire.com/news/home/20240927779217/en/Capitolis-Wins-World%E2%80%99s-Best-FX-Software-Provider-in-2024-Euromoney-Foreign-Exchange-Awards

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