JSE Spire awards showcase excellence in fixed income, currency and commodity derivatives markets.

Johannesburg, Friday 28 October 2016 –  ABSA Capital, Rand Merchant Bank (RMB) and Nedbank took home the big awards of the evening at the 15th annual Spire awards as the winners of the Best Bonds House, Best Fixed Income and Currencies House, Best FX House and Best Research House and Best Interest Derivative House respectively at the awards last night.

RMB, took home a total of 11 awards on the evening.  The awards, hosted by the JSE recognise excellence in South Africa’s fixed income, currency and commodity derivatives markets. 

Fixed income instruments play an important role in the portfolios of most pension funds and this means that most South Africans who contribute to pension funds are exposed to this type of invest. “The awards not only allow the JSE to showcase the successes of our issuers, members and clients but also showcase the achievements of the leading players in the industry to investors," says Bernard Claassens, Manager: Fixed Income at the JSE. 

The Spire Awards are awarded based on trading volumes and votes are cast by clients. Claassens 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."

Between January and September 2016 the Bond market has seen good growth which includes:

  • Overall volumes on the Bond Market increased by 28%  to R23.6 trillion in 2016 , the number is 4% higher than the  R22.7 trillion nominal turnover traded  for the whole of 2015;​
  • The Repo Market is up 33% to R16.7 trillion in 2016 compared to the same period in 2015;
  • The Nominal Standard Turnover increased by 13% year on year from the R5.5 trillion recorded last  year to R6.2 trillion in 2016 over the same period.

The winners for 2016 are as follows:

Best marketing Team – Government Bonds

 Nedbank

 Best Sales Team - Bonds

 Nedbank

 Best Team - Inflation Bonds

 Rand Merchant Bank

 Best Team - Credit Bonds

 Absa Capital

 Best Repo Team

 Rand Merchant Bank

 Best Debt Origination Team

 Rand Merchant Bank

Best Market Making Team – Interest Rate Derivatives (IRD)

 Standard Bank

 Best Sales Team - IRD

 Nedbank

 Best Team - Listed Interest Rate Derivatives

 RMB

 Best Market Making Team - FX

 Rand Merchant Bank

 Best On-Screen Market Making Team - FX

 Standard Bank

 Best Sales Team - FX

 Standard Bank and Rand Merchant Bank

 Best Research Team - Economics

 Rand Merchant Bank

 Best Research Team - Fixed Income

 Rand Merchant Bank

 Best Research Team - Credit

 Absa Capital

 Best Research Team - FX

 Standard Bank

Best Research Team - Technical Analysis (FX, IRD, Bonds)

 Nedbank

 Best Research Team - Quantitative Research

 Avior Capital

 Best Research Team - Africa

 Standard Bank

 Best Structuring Team - Inflation\Credit\FX

 Standard Bank

 Best Inter Dealer Broker - Bonds

 ICAP

 Best Inter Dealer Broker - IRD

 Tradition

 Best Agency Broker - Bonds

 Avior Capital

 Best Agency Broker - Listed FX Derivatives​

 Peregrine Securities

 Best Agency Broker - Listed IRD Derivatives

 Prescient Securities

 Best Broker - Listed Commodity Derivatives

 Robinson Mulder De Waal Financial Services

 Best Market Making Team - Cash Settled Commodity Derivatives

 Rand Merchant Bank

 Best Bonds House

 Absa Capital

 Best IRD House

 Nedbank

 Best FX House

 Rand Merchant Bank

 Best Research House

 Rand Merchant Bank

 Best Fixed Income and Currencies House

 Absa Capital


ENDS

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 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:
H+K Strategies South Africa 
Thabiso Senatla
Tel: +27 11 463 2198 

JSE contact: ​
Pheliswa Mayekiso 
Media and Internal Communications Manager
Tel: +27 11 520 7495