Rand Merchant Bank (RMB) accepting the final award in the category of Best Fixed Income and Currencies House and Daniel Mminele, Deputy Governor of the South African Reserve Bank.
Johannesburg, Friday 20 October 2017 – The JSE announced the winners of the 16th annual Spire Awards, recognising excellence in South Africa's fixed income, currency and commodity derivatives markets, at a gala dinner last night. ABSA Capital and Rand Merchant Bank (RMB) took home the big awards of the evening. ABSA Capital received the awards for the Best Bonds House and Best Research House, while RMB scooped the awards for Best Fixed Income and Currencies House, Best FX House, and Best Interest Derivative House.
The Spire Awards are awarded based on trading volumes and votes are cast by clients. "Congratulations to RMB who took home 11 awards this year and all of the companies who ranked highly in the various categories. We value our clients and member firms and appreciate all the support and effort from our market participants as we continue to grow the fixed income, currency and commodity derivatives markets," says Bernard Claassens, Manager: Fixed Income at the JSE.
Claassens comments that these awards continue to demonstrate the successes of the JSE's clients and member firms and that they are testimony to the relentless effort and hard work that they have put in.
This year, from January to September, overall nominal bond market turnover totalled R20.293 trillion. The repo nominal turnover was R 14.31 trillion, while the standard nominal turnover was R5.6 trillion.
The JSE has seen significant growth in the Currency Derivative and Interest Rate Derivative Markets with the number of contracts traded up 33% in the Interest Rate derivative Market and up 19% in the Currency Derivative Market. "Despite a tough economic climate, market participants from brokers to researchers and sales teams have showcased hard work, resilience and innovation," concludes Claassens.
The winners for 2017 are as follows:
|Best Market Making Team - Government Bonds||Nedbank Capital|
|Best Sales Team - Bonds||Nedbank Capital|
|Best Team - Inflation Bonds||Rand Merchant Bank|
|Best Team - Credit Bonds||ABSA Capital|
|Best Repo Team||ABSA Capital|
|Best Debt Origination Team||Rand Merchant Bank|
|Best Market Making Team - Interest Rate Derivatives||Standard Bank|
|Best Sales Team - Interest Rate Derivatives||Rand Merchant Bank|
|Best Team - Listed Interest Rate Derivatives||Rand Merchant Bank|
|Best Market Making Team - FX||Rand Merchant Bank|
|Best On-screen Market Making Team - FX||Rand Merchant Bank|
|Best Sales Team - FX||Rand Merchant Bank|
|Best research team - Economics||ABSA Capital|
|Best research team - Fixed Income||Citibank|
|Best research team - Credit||Standard Bank|
|Best research team - FX||Standard Bank|
|Best research team - Technical Analysis (FX, IRD, Bonds)||Nedbank Capital|
|Best research team - Quantitative Research||Avior Capital|
|Best research team - Africa||Standard Bank|
|Best Structuring Team - Inflation\Credit\FX||*ABSA Capital|
|Best Inter Dealer Broker - Bonds||Tradition|
|Best Inter Dealer Broker - IRD||Tradition|
|Best Agency Broker - Bonds||Avior Capital|
|Best Agency Broker - Listed FX Derivatives||Peregrine Securities|
|Best Agency Broker - Listed IR Derivatives||Prescient Securities|
|Best Broker - Listed Commodity Derivatives||Robinson Mulder de Waal|
|Best Market Maker - Cash Settled Commodity Derivatives||Rand Merchant Bank|
|Best Bonds House||ABSA Capital|
|Best IRD House||Rand Merchant Bank|
|Best FX House||Rand Merchant Bank|
|Best Research House||ABSA Capital|
|Best Fixed Income and Currencies House||Rand Merchant Bank|
- Donna Nemer, Director of Capital Markets at the JSE; Daniel Mminele, Deputy Governor of the South African Reserve Bank and Nicky Newton-King, CEO of the JSE.
ABOUT THE JSE
The Johannesburg Stock Exchange is based in South Africa where it has operated as a market place for the trading of financial products for 130 years. It connects buyers and sellers in equity, derivative and debt markets. The JSE is one of the top 20 exchanges in the world in terms of market capitalisation and is a member of the World Federation of Exchanges (WFE). The JSE offers a fully electronic, efficient, secure market with world class regulation, trading and clearing systems, settlement assurance and risk management. www.jse.co.za