Currency derivatives house of the year: Deutsche Bank

Kevin Rodgers

In some ways, the past 12 months were easier for foreign exchange dealers than 2011, which saw the imposition of a Swiss franc peg, severe volatility in the Brazilian real, the nerve-shredding US debt ceiling deadline and a collapse of confidence in the eurozone and its banks during the second half of the year.

But 2012 posed its own questions. With volatility lower and trading opportunities reduced, there were fewer chances for dealers to stand out. The first priority was simply to be quick and