1997 Bond Trading Poll: The rise of the continentals

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1997 Bond Trading Poll: The rise of the continentals

Euromoney's 1997 bond trading poll is dominated by SBC Warburg, ABN Amro, Deutsche Morgan Grenfell and US giants Merrill Lynch, Morgan Stanley and JP Morgan. In almost all categories the continental players are on the rise. Commentary by Rebecca Dobson.

1997 Bond Trading Poll: Best of All Eurobonds

1997 Bond Trading Poll: Best of All Government Bonds

1997 Bond Trading Poll: Eurobonds

1997 Bond Trading Poll: Government Bonds

1997 Bond Trading Poll: Methodology


The results of Euromoney's 1997 bond trading poll identify Merrill Lynch and SBC Warburg as the leading names for Eurobond trading, notably in the US dollar sections.

Merrill Lynch stands out in every category: first for asset-backed securities, second for FRNs, third for convertibles, illiquid instruments and Brady bonds. SBC Warburg, which features in 18 categories altogether, comes first in straights, second in convertibles and third in FRNs. The bank scores highly in our three overall tables, two of which are weighted by primary market volume and secondary market turnover; the third represents the sum of votes cast by respondents to our questionnaire. SBC Warburg ranks first both by volume and by its total score in the poll and is nominated this year's most improved Eurobond trading house. Despite a fall from first to third in Swiss franc trading, due in part to the restructuring of its trading and research departments, SBC Warburg looks set to maintain its strong position as banks prepare for European monetary union (Emu).


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