1997 Bond Trading Poll: The rise of the continentals
Euromoney polled heads of Eurobond and government bond trading, asking them to nominate the top three houses at bond trading in specific markets. We received 43 replies in total.
In the overall tables, weightings were applied to banks' scores to reflect the variation in size and importance of the various markets:
Eurobonds weighted by secondary market turnover as reported by Euroclear and Cedel for the first quarter of 1997, and by volume of outstanding Eurobonds in each currency (source: Capital Data Bondware).
Government bonds weighted by Salomon Brothers World Government Bond Index.
In the breakdown of Eurobond and government bond markets, scores were awarded on a sliding scale of 3:2:1 and so are not weighted to take into account volume or turnover.
Voters were requested not to nominate their own institutions. Banks that declined to participate, thereby not voting for anyone else, have had their scores reduced by 10% in each category.