News September 1, 2026

Deutsche Bank named Best Asia FX NDF House and FX House of the Year - South Korea

The bank was recognised for its leadership in Asia FX Non-Deliverable Forwards (NDF) and its role in South Korea's evolving FX market

- Deutsche Bank won Best Asia FX Non-Deliverable Forwards (NDF) House and FX House of the Year – South Korea.
- The awards recognise the bank's leadership in currency risk management, liquidity access and electronic FX execution.
- Deutsche Bank has supported the internationalisation of South Korea's foreign exchange market.
- The bank continues to invest in technology, infrastructure and market expertise to help clients manage FX risk across Asia.

Deutsche Bank has won Best Asia FX Non-Deliverable Forwards (NDF) House and for the second consecutive year, FX House of the Year for South Korea. The awards reflect the bank’s leadership in helping clients navigate Asia’s evolving markets with innovation and market expertise and a strong focus on client solutions.

Best Asia FX Non-Deliverable Forwards (NDF) House

The Best Asia FX Non-Deliverable Forwards (NDF) House award recognises Deutsche Bank’s leadership in providing solutions that help clients manage currency risk across emerging Asian markets. Over the past year, the bank expanded clients’ access to liquidity, increased automation and streamlined execution processes, making it easier for clients to manage risk efficiently.

FX House of the Year - South Korea

The FX House of the Year – South Korea award for the second year running, acknowledges Deutsche Bank’s role in supporting the internationalisation of Korea’s foreign exchange market. As the country continues to open its financial markets to global investors, the bank has worked closely with clients, regulators and market participants to help shape and support that transition.

Why Deutsche Bank was recognised as a leader in Asian FX Markets

Asia’s foreign exchange markets are becoming increasingly digital, interconnected and internationally focused. Clients today want more than market access – they want simpler processes, greater transparency and solutions that fit seamlessly into the way they work.

Deutsche Bank has excelled by combining its strong regional network with advanced technology and local expertise. Key initiatives include:

  • Investing in Technology: Deutsche Bank enhanced its electronic execution capabilities and integrated solutions to boost efficiency.
  • Supporting Korean Market Reforms: The bank expanded its Registered Financial Institution (RFI) presence and invested in local infrastructure, helping clients access deliverable Korean won (KRW) hedging more effectively.
  • Building Trusted Partnerships: Deutsche Bank cultivated strong relationships with clients, regulators, and market participants across the region.

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Across both the NDF and South Korea businesses, we have continued to invest in people, technology and infrastructure so that clients can access liquidity, manage risk and execute strategies with greater efficiency and confidence. Ashok Das, Head of Global Emerging Markets & FIC Macro Trading for Asia.

“The awards are a testament to the dedication of our teams across the region and the trusted partnerships we have built with clients, regulators and market participants.” added Ashok.

Both awards reinforce Deutsche Bank’s position as a leading FX partner in Asia at a time when the region’s currency markets are undergoing significant transformation. From helping shape the future of Korea’s FX market to enhancing how clients manage currency risk across Asia, the bank continues to support clients with innovative and practical solutions.

About Asia FX markets

Foreign exchange markets across Asia are becoming increasingly electronic and globally connected. Companies, investors and financial institutions require efficient access to liquidity, transparent pricing and risk management tools to navigate currency volatility. Deutsche Bank supports these needs through foreign exchange solutions, market infrastructure expertise and local presence across the region.

What is a non-deliverable forward (NDF)?

A non-deliverable forward (NDF) is a foreign exchange derivatives contract that allows investors and companies to hedge currency risk in markets where currencies are subject to restrictions or are not freely deliverable offshore. Instead of exchanging currencies at settlement, gains or losses are settled in a major currency such as the US dollar.

What is a Registered Financial Institution (RFI) in South Korea?

A Registered Financial Institution (RFI) is a foreign financial institution authorised to participate directly in South Korea's foreign exchange market under the country's market liberalisation framework. RFIs help increase international participation and liquidity in Korean won trading.

What do these awards mean for Deutsche Bank's clients?

The awards reflect Deutsche Bank's ability to provide clients with access to liquidity, market expertise, risk management solutions and technological capabilities that help them navigate increasingly complex foreign exchange markets across Asia

 

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