This year, the Best Foreign Exchange House Award goes to HSBC. This was not an easy decision, as the competition was very tough.
We tried to focus on specific areas of forex competence such as innovativeness and problem solving, quality of advice, pricing, internet strategy, straight-through processing STP capability, derivatives, Asian presence, and development of markets in coordination with regulators.
Having the largest dealing room in Asia located in Hong Kong, and with over 19 dealings rooms in all, helps HSBC reach a greater segment of the market. The Asia Pacific president of a Scandinavian power generator manufacturer cited the round the clock availability of HSBC When you add a night desk...