JSE announces winners of 13th annual Spire Awards
Excellence in South Africa's fixed income, currency and commodity derivatives markets

Johannesburg, 30 October 2014. The JSE announced the winners of the 13th annual Spire Awards – recognising excellence in South Africa's fixed income, currency and commodity derivatives markets – at a gala dinner last night. ABSA Capital emerged as the overall winner and was crowned as the Best Fixed Income and Currencies House. Rand Merchant Bank and Standard Bank took second and third place respectively.

Donna Oosthuyse: Director Capital Markets at the JSE says fixed income instruments play an important role in the portfolios of most pension funds and this means that almost all South Africans who contribute to pension funds are exposed to this asset class. "The awards not only allow the JSE to showcase the successes of some or our issuers, members and clients but to also to tell investors about the achievements of the strongest players in the industry."

The Spire Awards are awarded based on trading volumes and votes cast by clients. Oosthuyse says that the voting process ensures that the awards remain credible and creates a highly competitive environment. "The JSE congratulates this year's winners. The awards allow us to recognise the hard work and innovation of a range of different market participants, from brokers to researchers and sales teams as well as issuers."

This year the bond market has seen over R14.5 trillion in trades take place until the end of September. This nominal amount traded can be attributed to R9.64 trillion of trade in the Repo market and R4.9 trillion in the Spot market. In the Spot market, 89% of the nominal traded was in Government Bonds. Bonds to the value of R190 billion have been issued on the JSE's bond market this year, with corporates accounting for R80 billion of the issuance.

The Overall Winners for the 2014 Spire Awards are as follows:

Best Fixed Income and Currencies HouseABSA Capital
Best Bonds HouseABSA Capital
Best Interest Rate Derivatives HouseABSA Capital
Best FX HouseABSA Capital
Best Research HouseRand Merchant Bank
Best Inter Dealer Broker ICAP
Best Agency Broker Prescient


The Category Winners for the 2014 Spire Awards are as follows:

Best Market Making Team - Government BondsABSA Capital
Best Team - Inflation BondsRand Merchant Bank
Best Team - Credit BondsABSA Capital
Best Repo TeamRand Merchant Bank
Best Sales Team - BondsABSA Capital
Best Debt Origination TeamRand Merchant Bank
Best Market Making Team – Interest Rate DerivativesRand Merchant Bank
Best On-Screen Market Making Team – Interest Rate DerivativesRand Merchant Bank
Best Sales Team – Interest Rate DerivativesABSA Capital
Best Market Making Team - FXABSA Capital
Best On-Screen Market Making Team - FXRand Merchant Bank
Best Sales Team - FXABSA Capital
Best Research Team - EconomicsABSA Capital
Best Research Team - Fixed IncomeCiti Bank
Best Research Team - CreditRand Merchant Bank
Best Research Team - FXStandard Bank
Best Research Team - Technical Analysis (FX, IRD, Bonds)Nedbank Capital
Best Research Team - Quantitative ResearchStandard Bank
Best Research Team - AfricaRand Merchant Bank
Best Structuring Team - Inflation\Credit\FXABSA Capital / Rand Merchant Bank
Best Inter Dealer Broker - Bonds ICAP
Best Inter Dealer Broker – Interest Rate DerivativesICAP
Best Agency Broker - BondsPrescient
Best Agency Broker - Listed FX DerivativesPeregrine
Best Agency Broker - Listed Interested Rate DerivativesPrescient
Best Issuer - BondsRepublic of South Africa
Best Broker - Listed Commodity DerivativesRMD Financial Services
Best Market Making Team - Cash Settled Commodity DerivativesRand Merchant Bank


ENDS

ABOUT 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 125 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

Issued by:
Mari Blumenthal
H+K Strategies South Africa
Tel: +27 11 463 2198
Email: mari.blumenthal@hkstrategies.co.za

JSE contact:
Bernard Claassens
Manager: Fixed Income
Bonds and Financial Derivatives
Tel: 011 520 7810
Email: bernardc@jse.co.za