The winners of the 2021 SPIRE Awards were announced by the Johannesburg Stock Exchange (JSE) at the eagerly anticipated virtual gala event held recently.
“The Spire Awards is a key milestone event and achievement for valued participants. The main feature of these Awards was the close competition between the different capital markets participants,” says Valdene Reddy the Director of Capital Markets at the JSE.
Financial services giants Absa CIB, Rand Merchant Bank (RMB) and Standard Bank took top spots in the awards. RMB narrowly beat the two competitors, to repeat last year’s feat of overall winner: Best Fixed Income & Forex House.
RMB won nine top categories of the 39 awards including amongst others Best Bond House, Best Interest Rate Derivatives House, Best Market Making Team: Interest Rate Derivatives, Best Debt Origination Team and Best Team: Inflation Linked Bonds.
Absa CIB followed closely, scooping eight top awards including Best Research House, Best Sales Team: Interest Rate Derivatives, Best Market Making Team: FX Options and Best Repo Team, amongst other categories.
Standard Bank showed great success having won five awards in 2020 to seven top awards for 2021 to claim overall third place. Amongst their awards were: Best Forex House, Best Structuring Team, Best Structured Notes Issuer and Best Market Making Team: FX & FX Futures.
Last night’s annual 20th anniversary, cemented the Spire Awards as the benchmark accolade for South African markets, as voted for by institutional investors.
“It is important to recognise and celebrate the contributions of all market participants under a tough operating environment. Capital markets play a key role in our country’s economic development. It is, therefore, important that we acknowledge and appreciate the painstaking efforts of these market participants. We commend all the nominees and winners,” Reddy concludes.
Last night’s virtual ceremony was attended by the broad financial eco-system including traders, analysts and executives of financial organisations.
The 2021 SPIRE Awards the winners are as follows:
|Best Broker: Agricultural Derivatives Research||CJS Securities|
|Best Broker: Commodity Options||BVG Commodities|
|Best Commodity Broker: Physical Deliveries||CJS Securities|
|Best Broker: Commodity Derivatives||Robinson Mulder De Waal Financial Services|
|Best Market Making Team: Cash Settled Commodity Derivatives||Rand Merchant Bank|
|Best Research Team: Africa||Absa CIB|
|Best Research Team: Forex||Absa CIB|
|Best Research Team: Credit||Standard Bank|
|Best Research Team: Economics||Absa CIB|
|Best Research Team: Fixed Income||Absa CIB|
|Best Agency Broker: Listed Interest Rate Derivatives||Prescient Securities|
|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||Absa CIB|
|Best Market Making Team: Interest Rate Derivatives||Rand Merchant 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||Rand Merchant Bank|
|Best Sales Team: FX and FX Derivatives||Standard Bank|
|Best Market Making Team: FX & FX Futures||Standard Bank|
|Best Market Making Team: FX Options||Absa CIB|
|Best Agency Broker: Bonds||Avior Capital Markets|
|Best Inter Dealer Broker: Bonds as voted by Agency Brokers||Tradition|
|Best Inter Dealer Broker: Bonds as voted by Banks||GFI|
|Best Structuring Team: Fixed Income\Inflation\Credit\FX||Standard Bank|
|Best Structured Notes Issuer||Standard Bank|
|Best Debt Origination Team||Rand Merchant Bank|
|Best Team: Credit Bonds||Standard Bank|
|Best Team: Inflation Linked Bonds||Rand Merchant Bank|
|Best Repo Team||Absa CIB|
|Best Sales Team: Bonds||Nedbank|
|Best Bond ETP Market-Maker||Nedbank|
|Best Market Making Team: Government Bonds||Nedbank|
|Best IDB: Fixed Income||Tradition|
|Best Research House||Absa CIB|
|Best Interest Rate Derivative House||Rand Merchant Bank|
|Best Forex House||Standard Bank|
|Best Bond House||Rand Merchant Bank|
|Best Fixed Income & Forex House||Rand Merchant Bank|