Johannesburg Stock Exchange

The Johannesburg Stock Exchange (JSE) announced the winners of the 16th annual Spire Awards, recognising excellence in South Africa’s fixed income, currency and commodity derivatives markets, on Thursday night.

A company statement explained that the accolades are awarded based on trading volumes and votes are cast by clients.

ABSA Capital and Rand Merchant Bank (RMB) took home the big awards of the evening, with ABSA Capital receiving the awards for the Best Bonds House and Best Research House, while RMB scooped the awards for Best Fixed Income and Currencies House, Best FX House, and Best Interest Derivative House.

Bernard Claassens, Manager for Fixed Income at the JSE applauded all the winners for 2017.

Claassens said: “Congratulations to RMB who took home 11 awards this year and all of the companies who ranked highly in the various categories. We value our clients and member firms and appreciate all the support and effort from our market participants as we continue to grow the fixed income, currency and commodity derivatives markets.”

He went on further to say that these awards continue to demonstrate the successes of the JSE’s clients and member firms and that they are testimony to the relentless effort and hard work that they have put in. Read more..

The winners for 2017 are as follows:.

 

Award Name First
Best Market Making Team – Government Bonds Nedbank Capital
Best Sales Team – Bonds Nedbank Capital
Best Team – Inflation Bonds Rand Merchant Bank
Best Team – Credit Bonds ABSA Capital
Best Repo Team ABSA Capital
Best Debt Origination Team Rand Merchant Bank
Best Market Making Team – Interest Rate Derivatives Standard Bank
Best Sales Team – Interest Rate Derivatives Rand Merchant Bank
Best Team – Listed Interest Rate Derivatives Rand Merchant Bank
Best Market Making Team – FX Rand Merchant Bank
Best On-screen Market Making Team – FX Rand Merchant Bank
Best Sales Team – FX Rand Merchant Bank
Best research team – Economics ABSA Capital
Best research team – Fixed Income Citibank
Best research team – Credit Standard Bank
Best research team – FX Standard Bank
Best research team – Technical Analysis (FX, IRD, Bonds) Nedbank Capital
Best research team – Quantitative Research Avior Capital
Best research team – Africa Standard Bank
Best Structuring Team – Inflation\Credit\FX *ABSA Capital
Best Inter Dealer Broker – Bonds Tradition
Best Inter Dealer Broker – IRD Tradition
Best Agency Broker – Bonds Avior Capital
Best Agency Broker – Listed FX Derivatives Peregrine Securities
Best Agency Broker – Listed IR Derivatives Prescient Securities
Best Broker – Listed Commodity Derivatives Robinson Mulder de Waal
Best Market Maker – Cash Settled Commodity Derivatives Rand Merchant Bank
Best Bonds House ABSA Capital
Best IRD House Rand Merchant Bank
Best FX House Rand Merchant Bank
Best Research House ABSA Capital
Best Fixed Income and Currencies House Rand Merchant Bank

Johannesburg Stock Exchange tables turnovers

According to the JSE, this year, from January to September, overall nominal bond market turnover totalled R20.293 trillion. The repo nominal turnover was R14.31 trillion ($102 trillion), while the standard nominal turnover was R5.6 trillion ($438 billion).

The JSE states there has been significant growth in the currency derivative and interest rate derivative markets with the number of contracts traded up 33% in the interest rate derivative market and up 19% in the currency derivative market.

“Despite a tough economic climate, market participants from brokers to researchers and sales teams have showcased hard work, resilience and innovation,” concludes Claassens.