The world’s best bank for swaps 2025: HSBC

In the $7.5 trillion-a-day global FX market, swaps represent 51% of the value transacted, according to the latest available figures from the Bank for International Settlements. The share of swaps has been steadily growing in the past decade as regulatory and market structure changes made trading these instruments more attractive and more popular – a trend that’s likely to continue. 

HSBC has won the title of the world’s best FX bank for swaps due to the significant growth demonstrated by the bank and the continued investment it has made into its product offering, especially around electronification.  

As one of the world’s largest banks, HSBC’s reach and scope makes it the perfect partner for clients to transact FX swaps with, as the bank’s global FX trading business provides prices for spot, forwards, non-deliverable forwards (NDFs) and swaps in 130 currencies and more than 3,500 currency pairs. 

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