The JSE applauds 2021 winners of the closely contested 20th SPIRE Awards

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 OptionsBVG Commodities
Best Commodity Broker: Physical Deliveries CJS Securities
Best Broker: Commodity DerivativesRobinson Mulder De Waal Financial Services
Best Market Making Team: Cash Settled Commodity DerivativesRand Merchant Bank
Best Research Team: AfricaAbsa CIB
Best Research Team: ForexAbsa CIB
Best Research Team: CreditStandard Bank
Best Research Team: EconomicsAbsa CIB
Best Research Team: Fixed IncomeAbsa CIB
Best Agency Broker: Listed Interest Rate DerivativesPrescient Securities
Best Inter Dealer Broker: Interest Rate DerivativesTradition
Best Market Making Team: Listed Interest Rate Derivatives Rand Merchant Bank
Best Sales Team: Interest Rate DerivativesAbsa CIB
Best Market Making Team: Interest Rate DerivativesRand Merchant Bank
Best Agency Broker: Listed FX FuturesPeresec Derivatives
Best Agency Broker: Listed FX OptionsTradition
Best Market Making Team: On-Screen Listed FX DerivativesRand Merchant Bank
Best Sales Team: FX and FX DerivativesStandard Bank
Best Market Making Team: FX & FX FuturesStandard Bank
Best Market Making Team: FX OptionsAbsa CIB
Best Agency Broker: BondsAvior Capital Markets
Best Inter Dealer Broker: Bonds as voted by Agency BrokersTradition
Best Inter Dealer Broker: Bonds as voted by BanksGFI
Best Structuring Team: Fixed Income\Inflation\Credit\FXStandard Bank
Best Structured Notes IssuerStandard Bank
Best Debt Origination TeamRand Merchant Bank
Best Team: Credit BondsStandard Bank
Best Team: Inflation Linked BondsRand Merchant Bank
Best Repo TeamAbsa CIB
Best Sales Team: BondsNedbank
Best Bond ETP Market-MakerNedbank
Best Market Making Team: Government BondsNedbank
Best IDB: Fixed IncomeTradition
Best Research HouseAbsa CIB
Best Interest Rate Derivative HouseRand Merchant Bank
Best Forex HouseStandard Bank
Best Bond HouseRand Merchant Bank
Best Fixed Income & Forex HouseRand Merchant Bank

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