Euromoney’s Markets research provides unmatched insight into the capabilities and competitive dynamics shaping global trading and foreign exchange. Our research examines execution quality, client coverage and platform strength to reveal what defines leadership today. It enables you to benchmark your market positioning through FX spot volume data, identify gaps and strengths, and prioritise investments in products, regions and technology that deliver the greatest impact.
Addressing your challenges
Competing for scale in a concentrated FX market
Liquidity is concentrating within fewer banks while pricing power depends on scale. Our research gives you a clear, comparative view of where leading franchises stand globally and regionally, helping you calibrate strategy and resource allocation.
Proving execution quality beyond headline volumes
Clients demand certainty, speed and service – not just volume. Our research shows which franchises truly lead on execution and coverage, giving you an external lens to validate performance and sharpen your differentiation story.
Defending wallet share amid electronification and non-bank competition
Wallet is consolidating as clients seek seamless electronic execution and post-trade efficiency. Our research reveals where leaders excel in FX and client coverage, helping you defend share and target growth segments.
Prioritising investment in platforms and infrastructure
Banks are investing heavily in FX, data and workflow automation without clear external benchmarks. Our analysis highlights best practice and emerging priorities, guiding smarter resource allocation and platform strategy.
Benchmark your performance, compare capabilities, and act on insights that drive growth with Euromoney’s Markets research.
Market Positioning
Market Positioning
Our Market Positioning research delivers a clear, comparative view of how leading FX banks stack up across execution quality, client coverage and platform capability. MarketMaps showcase the top providers globally and regionally, segmenting leaders, challengers and emerging players. This research goes beyond headline volumes, enabling you to benchmark your franchise against true peers, prioritise investment in products, regions and client segments, refine your differentiation story for clients, and give boards a clear, evidence-based view of where to defend, where to lead and where to stop competing.
Our Performance Rankings research provides a clean, like-for-like view of the world’s largest FX banks by spot volume. Using directly submitted quantitative metrics, it shows which franchises truly dominate global and regional FX markets and how positions are shifting over time. This research enables you to calibrate strategy and investment against the right peer set, assess whether scale supports pricing and platform ambitions, and speak with confidence to boards, regulators and clients about your market position – especially when justifying spend on electronic FX, distribution and risk management capabilities.
Euromoney’s Capital Markets Awards are the definitive benchmark of excellence across global market infrastructure and intermediation. These awards recognise securities exchanges and venues, brokerage houses and broker-dealers, and post-trade service providers that demonstrate leadership, innovation and measurable impact. From global to regional categories, winners gain independent validation that marks true market leadership.
Gain authoritative recognition for your leadership and innovation
Strengthen your reputation with trusted, independent validation
Showcase your role in shaping the future of capital markets
Euromoney’s Foreign Exchange Awards are the ultimate recognition of excellence in FX, built on the insights and data gathered through our annual research cycle. We celebrate the institutions that demonstrate leadership, innovation and measurable impact across execution, electronic trading, client service and platform development. Trusted by the industry and valued by clients, these awards represent the highest mark of distinction in global FX – highlighting the strategies and capabilities that define market leadership.
Showcase your achievements with independent validation
Elevate your brand and client-facing reputation
Gain insight into the strategies shaping the industry
Sales & Coverage: Protect and grow client relationships
Understand how your FX franchise compares globally and regionally, identify priority segments, and sharpen your differentiation story with evidence-backed insights.
Execution & Platforms: Deliver certainty and speed in volatile markets
Benchmark execution quality across spot FX, pinpoint weak spots and prioritise investments that close gaps – ensuring your platform delivers certainty, speed and resilience when it matters most.
Product & Strategy: Build capabilities that win wallet share
See how your FX capabilities stack up against direct competitors, uncover gaps and adjacencies, and refine coverage and execution strategies around true strengths to drive wallet share.
Markets calendar
September 2025
Foreign Exchange Awards
Results announced
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