The results of the 11th annual Spire Awards, recognising excellence in South Africa’s fixed income market, were announced at a gala dinner last night. Absa Capital received top honours as the overall best fixed income and currency house and the best bond house while Rand Merchant Bank took the overall best research house and best interest rate and currency derivatives house.
The awards are voted for by clients and are presented by the Johannesburg Stock Exchange (JSE) and sponsored by I-Net Bridge, Thomson Reuters and Klipdrift Gold.
“Congratulations to all other participants who ranked highly in the various categories,” says Bernard Claasens, Manager, Bonds and Repo’s at the JSE.
“The JSE’s goal is to build a fixed-income market for South Africa that compares with the best in the world,” adds Claasens. Claasens emphasizes the importance of bonds as a crucial component in a country’s financial market.
The winners for 2012 are as follows:
• Best FixedIncome House and Currency House - ABSA Capital
• Best Bond House - ABSA Capital
• Best Research House – Rand Merchant Bank
• Best Market-Making Team: Government Bonds – ABSA Capital
• Best Team: Inflation Linked Bonds – ABSA Capital
• Best Team: Credit Bonds – ABSA Capital
• Best Repo Team – Rand Merchant Bank
• Best Sales Team: Cash Bonds – ABSA Capital
• Best Debt Origination – Rand Merchant Bank
• Best Market Making Team: IR Derivatives – ABSA Capital
• Best Market Making Team: FX – ABSA Capital
• Best on Screen Market Making Team: IRD: Volumetric – ABSA Capital
• Best on Screen Market Making Team: FX: Volumetric – Rand Merchant Bank
• Best Sales Team: IRD – ABSA Capital
• Best Sales Team: FX – ABSA Capital
• Best Research Team: General Fixed Income – Rand Merchant Bank
• Best Research Team: Credit – Rand Merchant Bank
• Best Research Team: FX – ABSA Capital
• Best Research Team: Technical – ABSA Capital
• Best Research Team: Quantitative – Standard Corporate & Investment Bank
• Best Research Team: Africa – Rand Merchant Bank
• Best Structuring Team – ABSA Capital
• Best IDB: Cash Bonds – Tradition
• Best IDB: Volumetric – ICAP
• Best Agency Broker: Cash Bonds – Vunani Capital Markets
• Best Agency Broker: IR Derivatives: Volumetric – Prescient Securities
• Best Agency Broker: FX: Volumetric – Prescient Securities
• Best Issuer – Eskom Holdings Ltd, Transnet Soc Ltd, Standard Corporate & Investment Bank
FTSE Mondo Visione Exchanges Index:
Johannesburg Stock Exchange Announced Winners Of 11th Annual Spire Awards
Date 08/11/2012