Winners of 14th Annual Spire Awards 
Excellence in South Africa's fixed income, currency and commodity derivatives markets

Johannesburg, Friday 23 October 2015 – The results of the 14th annual Spire Awards, recognising excellence in South Africa's fixed income market, were announced at a gala dinner last night.

Absa Capital took honours across the board, winning overall Best Fixed income and Currencies House, with RMB in second place, and Standard Bank coming in third. Absa Capital also won Best Bonds House; Best Research House; Best Interest Rate Derivatives House among its many other first place positions. Standard Bank wins best Forex House.

The awards are voted on by clients of the fixed income houses, are presented by the Johannesburg Stock Exchange (JSE), and sponsored by Bloomberg.

"The JSE congratulates the wide range of award participants and winners, ranging from brokers, researchers, and sales teams to issuers" says Bernard Claassens: Manager Fixed Income at the JSE. "The fixed income market is an important component of South Africa's financial landscape and most South Africans will have some form of exposure to this asset class through their various retirement and investment funds."

Claassens comments that the South African bond market is currently providing some interesting times for its participants, both local and foreign, as the country faces a weakening currency, falling commodity prices, rising inflation expectations, low economic growth, the threat of credit-rating downgrades, as well as cautious interest rate moves from the US Federal Reserve. 

For the nine months to September 2015, the bond market has seen trading of R 18 trillion, comprising of R12.25 trillion in the Repo market and R5.75 trillion in the Spot market. Bonds to the value of R181.75 billion have been issued on the JSE's bond market in the period until end September, with corporates accounting for R95.6 billion of this issuance.

"Bloomberg's goal of bringing transparency to capital markets and contribute to their successful development has always driven what we do on the African continent, and supporting the Spire Awards is very much a part of that. We are very proud of the close relationships we have built in South Africa with the fixed income and foreign exchange communities, and would like to congratulate this year's winners for their outstanding achievements," says Keith Thompson, Head of Sales, Bloomberg L.P. Southern Africa.

The winners for 2015 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

 

The Category Winners for the 2015 Spire Awards are as follows:

Best Market Making Team - IRDAbsa Capital
Best On-Screen Market Making Team - IRDRand Merchant Bank
Best Sales Team - IRDAbsa Capital
Best Market Making Team - FXAbsa Capital
Best On-Screen Market Making Team - FXStandard Bank
Best Sales Team - FXStandard Bank
Best Research Team - EconomicsAbsa Capital
Best Research Team - Fixed IncomeRand Merchant Bank
Best Research Team - CreditAbsa Capital
Best Research Team - FXAbsa Capital
Best Research Team - Technical Analysis (FX, IRD, Bonds)Nedbank
Best Research Team - Quantitative ResearchAvior
Best Research Team - AfricaRand Merchant Bank
Best Inter Dealer Broker - BondsTradition
Best Inter Dealer Broker - IRDICAP
Best Agency Broker - Spot BondsSasfin
Best Agency Broker - Listed FX DerivativesPeregrine Securities
Best Agency Broker - Listed IRD DerivativesPrescient Securities
Best Issuer - BondsFirstrand Bank
Best Broker - Listed Commodity DerivativesRMD Financial Services
Best Market Making Team - Cash Settled Commodity DerivativesRand Merchant Bank
Best Agency Broker HousePrescient Securities
Best Inter Dealer BrokerICAP
Best Structuring Team - Inflation\Credit\FXRand Merchant Bank
Best Research HouseAbsa Capital
Best FX HouseStandard Bank
Best IRD HouseAbsa Capital
Best Bonds HouseAbsa Capital
Best Fixed Income and Currencies HouseAbsa Capital

 

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:                                                                                    
Craig Atherfold
H+K Strategies South Africa
Tel: +27 11 463 2198
Email: craig.atherfold@hkstrategies.co.za

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