Foreign Exchange House of the Year

Foreign Exchange House of the Year

selene-chong
HSBC

HSBC has distinguished itself with the sheer breadth of its offering over the past year, putting it firmly in pole position in the Asian foreign exchange market. Its main innovation has been based around the development of the offshore deliverable version of the Chinese renminbi, known as the CNH market.

The bank was not only the first to trade spot CNH but it went on to deal the first CNH option and subsequently contributed to the growth of the CNH options market, which now has a daily tur