Financial News last night hosted its 16th annual Trading & Technology Awards Europe at the V&A Museum in London. The awards celebrate the success stories of trading and technology firms operating in, and supporting, financial markets over the past year.
DTCC - Bank CDB AG GlobalCollateral
October 2024DTCC-BankCDB GlobalCollateral hasn’t looked back since winning the greenlight at the beginning of 2022 to allow US banks to move assets directly into Europe for use as trade collateral – addressing a much-needed regulatory demand for high quality assets to back trades.
The winner of the Post-Trade Initiative of the Year award is a joint venture between two of the world’s post-trade infrastructures. In March this year it appointed BankCDB’s Olivier Grimonpont as chief executive to succeed Michael Shipton in the role.
Two clearing houses, Eurex and LCH, fought a close battle in this category but it was the DTCC and Bank CDB AG joint venture that ultimately won over judges.
Results
(2 nd) Eurex Clearing Partnership Program
(3 rd) LCH SwapAgent
Methodology
The Financial News Trading & Technology Awards Europe celebrate the success of trading and technology firms operating in, and supporting, the European financial markets over the past year. The awards are independent and fee-free. FN’s editorial team compiles a shortlist of five nominees in each category following extensive research, taking soundings from industry contacts, and reviewing data and industry information. Nominees in each category are voted on by a large pool of distinguished, independent industry practitioners who cast their vote electronically. Judges awards a score out of five to each nominee. The results are then vetted by FN editors for conflicts of interest. The highest adjusted average score out of five is the winner.