Financial News honours the winners of its Awards for Excellence in IT Europe 2008

2 October 2008

Financial News, the leading weekly newspaper for the European securities, investment banking and asset management industry, today announced the winners of its Awards for Excellence in IT Europe 2008.

Best Stock Exchange/MTF was hotly contested, with new entrant Chi-X picking up the award in recognition of its innovative and relentless approach in shaking up the trading landscape and challenging incumbent exchange operators in the post-MiFID landscape. Chi-X also won Best Compliance/Regulatory-driven Project, retaining its 2007 title and making it a night to celebrate for the new MTF.

ICAP was the only other winner of two awards on the night, taking home Best OTC Derivatives Trading and Best FX Trading for ICAP Credit and ICAP EBS respectively. Representatives from the trading landscape featured heavily in the awards list, with Alasdair Haynes, CEO of ITG International, taking home Best Personal Contribution, the Judge’s Prize and flagship award for the evening.

Deutsche Bank claimed the top spot in IT Department of the Year – Sell Side, beating Morgan Stanley into second place. IT Department of the Year – Buy Side was bagged by Barclays Global Investors who snatched the award from State Street Global Advisors who came in second place.

Joint winners Liquidnet and Portware claimed Best Trading System – Buy Side, with Portware making 2008 a consecutive winning year in this category. Maintaining the spirit of new entrants giving established players a run for their money, Markit came out top in Best Data Service, beating established acts Interactive Data and Asset Control.

Rounding off the night with another joint win were Credit Suisse and Deutsche Bank both scooping the top spot for Best Back Office Project.

The guest speaker was Benedict Allen, one of Britain’s best known explorers and accomplished author and filmmaker.

Commenting on this year’s ceremony, William Wright, Editor of Financial News, stated:

2008 has seen enormous challenges and developments in the financial IT landscape across markets globally. The traditional structures of stock exchanges and trading platforms have been tested by new market forces and all eyes will continue to observe the impact of regulation such as MiFID well into 2009. We are delighted to be able to recognise some of the leaders in this innovative market and reward them for their role in pushing the boundaries and developing efficient markets for all participants.

The Complete List of Winners:

• IT Department Sellside: Deutsche Bank
• IT Department Buyside: Barclays Global Investors
• Algorithmic Trading Service: Goldman Sachs
• Best Trading System – Sell Side: Fidessa LatentZero
• Best Trading System – Buy Side: Liquidnet & Portware
• Best Stock Exchange/MTF: Chi-X
• Best Futures and Options Exchange: Eurex
• OTC Bond Trading: Tradeweb
• OTC Derivatives Trading: ICAP Credit
• FX Trading: ICAP EBS
• Best New Vendor Solution: ULLink’s smart order router
• Best Data Service: Markit
• Best Compliance/ Regulatory-driven project: Chi-X
• Best Back Office Project: Credit Suisse & Deutsche Bank
• Best Personal Contribution (Judge’s List): Alasdair Haynes – ITG



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