Johannesburg, 20 March 2026 – The Johannesburg Stock Exchange (JSE) last night celebrated the winners of the 24th Annual Spire Awards which recognise outstanding achievements in client service, innovative solutions and overall market contribution across the Bonds, Currency, Interest rates and Commodity derivatives markets.
Voted for by the largest institutional investors, the awards recognise the most outstanding achievements and inspiring talents leading the dynamic landscape of South Africa’s capital markets. The awards reflect market sentiment as well as the institutions that have shown excellence and made a notable impact on the country’s financial markets.
This year, 42 awards were presented across a broad range of categories, including research, market making, sales and several other disciplines that reflect the depth and diversity of South Africa’s capital markets. Standard Bank won the flagship Best Fixed Income & Forex House award, the Best Research House and secured 12 awards in total. Absa CIB secured 8 awards including the Best Forex House award, while RMB won 7 awards including Best Interest Rate Derivative House and Best Bond House.
“The Spire Awards remain a vital platform for acknowledging the dedication and innovation of our market participants,” said Thembi Mda-Maluleka, Head: Bonds, Currencies and Interest Rates Derivatives at the JSE. “By honouring excellence in client service and market contribution, these awards inspire new solutions that strengthen the robustness and sustainability of South Africa’s capital markets, and by extension, the broader economy.”
The JSE continues to promote inclusive economic growth with trusted, responsible products and services, catering to the various financial institutions across South Africa’s capital markets.
To uphold the integrity of the awards, an independent research firm once again conducted the oversight of the voting process. The full list of winners is as follows:
| Award Name | Winner |
| Best Broker: Agricultural Derivatives Research | Robinson Mulder De Waal Financial Services |
| Best Structured Commodity Financing House | Absa CIB |
| Best Commodity Broker - Physical Deliveries | Robinson Mulder De Waal Financial Services |
| Best Commodity Broker Options | BVG Commodities |
| Best Broker Commodity Derivatives | BVG Commodities |
| Best Market Making Team: Cash Settled Commodity Derivatives | Rand Merchant Bank |
| Best Research Team: Africa | Standard Bank |
| Best Research Team: Forex | Absa CIB |
| Best Research Team: Credit | Standard Bank |
| Best Research Team: Economics | Standard Bank |
| Best Research Team: Fixed Income | Absa CIB |
| Best Agency Broker: Listed Interest Rate Derivatives | Peresec Derivatives |
| Best Inter Dealer Broker: Interest Rate Derivatives | Tradition |
| Best Market Making Team: Listed Interest Rate Derivatives | Rand Merchant Bank |
| Best Sales Team: Interest Rate Derivatives | Standard Bank |
| Best Market Making Team: Interest Rate Derivatives | Standard Bank |
| Best Agency Broker: Listed FX Futures | Peresec Derivatives |
| Best Agency Broker: Listed FX Options | Tradition |
| Best Market Making Team: On-Screen Listed FX Derivatives | Absa CIB |
| Best Sales Team: Forex and Forex Derivatives | Standard Bank |
| Best Market Making Team: Forex & Forex Futures | Absa CIB |
| Best Market Making Team: Forex Options | Absa CIB |
| Best Agency Broker: Bonds | Prescient Securities |
| Best Inter Dealer Broker: Bonds as voted by Agency Brokers | Tradition |
| Best Inter Dealer Broker: Bonds as voted by Banks | Tradition |
| Best Structuring Team: Fixed Income\Inflation\Credit\FX | Standard Bank |
| Best Structured Notes Issuer | Standard Bank |
| Best Debt Origination Team | Standard Bank |
| Best Team: Credit Bonds | Standard Bank |
| Best Team: Inflation Linked Bonds | Rand Merchant Bank |
| Best Repo Team | Rand Merchant Bank |
| Best Sales Team: Bonds | Rand Merchant Bank |
| Best Sales Team: Bonds (Weighted Buy-Side) | Nedbank |
| Best Bond ETP Market Maker | Nedbank |
| Best Market Making Team: Government Bonds | Absa CIB |
| Best Market Making Team: Government Bonds (Weighted Buy-Side) | Goldman Sachs |
| Best IDB: Fixed Income | Tradition |
| Best Research House | Standard Bank |
| Best Interest Rate Derivative House | Rand Merchant Bank |
| Best Forex House | Absa CIB |
| Best Bond House | Rand Merchant Bank |
| Best Fixed Income & Forex House | Standard Bank |
ENDS
ABOUT THE JSE
The Johannesburg Stock Exchange (JSE) has a well-established history of operating as a marketplace for trading financial products. It is a pioneering, globally connected exchange group that enables inclusive economic growth through trusted, world-class, socially responsible products, and services for the investor of the future. It offers secure and efficient primary and secondary capital markets across a diverse range of securities, spanning equities, derivatives, and debt markets. It prides itself on being the market of choice for local and international investors looking to gain exposure to leading capital markets on the African continent. The JSE is currently ranked in the Top 20 largest stock exchanges in the world by market capitalisation, and is the largest stock exchange in Africa, having been in operation for 139 years. As a leading global exchange, the JSE co-creates unlocks value & makes real connections happen. www.jse.co.za
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