Twenty years of history recognised at Risk Awards

JP Morgan was named best overall derivatives house, as well as winning both awards - pioneer and modern great - in the credit derivatives category. Other pioneers included Bankers Trust (interest rates and equity), Salomon Brothers (currency), and Morgan Stanley (energy and commodities).

The World Bank and Icap were also honoured as best end-user and best interdealer broker respectively.

A full list of the winners appears on the Risk website.