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 |