Section Two – e-FX Initiatives 2026

Last year we offered these awards only for non-bank players, noting that while we can judge single dealer platforms in a relatively straightforward manner, we needed somewhere to recognise innovative ideas from the vendor world. That is still the case, but there is also the reality that, if we are not to descend into the “making sure everyone wins a prize” abyss, we also need to be able to recognise innovative ideas coming out of the banking world that maybe did not tip that platform into one of our headline awards.

So this year, the e-FX Initiatives are open to all players, however we have tried to stick to the original premise of products and services that solve genuine problems that have not been solved before. This rules out, sadly, some great initiatives where banks have, for example, provided much easier access to a developing market, but it also ensures that we don’t fall into the “every child wins a prize” box.

Our e-FX Initiative Awards are very product-specific, without the basis to compare apples with apples we feel a better approach is to highlight interesting initiatives that are likely, but not always guaranteed, to move the industry forward. This approach helps narrow the field down considerably, thanks also to the fact we are only looking at the last 12 months.

Here, therefore, are this year’s awards for firms that we think are, in their own different ways, both forward thinking and providing choice for FX market participants.