Euromoney Awards for Excellence 1996

In order to highlight the fullrange of different services in the derivatives market, we have added the category of most innovative derivatives house to complement the best derivatives house and best risk adviser awards. Secondary market equity activity is often overlooked in awards such as these. This year we have changed this by giving an award to the institution we consider to be the best international brokerage firm.

The whole area of debt and equity research is changing and it will be fascinating to see which of the two main approaches - local market research or global sectoral research - will out. This year, Euromoney is inaugurating two new awards for research: best international equity research house and best emerging markets research house.

By contrast, a number of categories have been suspended. For instance, over the period between last year's and this year's awards, there were only two dozen or so international equity issues in the emerging markets. That meant it was almost impossible to gauge how well each institution did in that category. With so many deals in the pipeline, though, the category will be reinstated next year.