By Modupe Gbadeyanka
Stanbic IBTC Bank and Dangote Cement were the biggest winners at the 2020 FMDQ GOLD Awards held over the weekend, Business Post reports.
While Stanbic IBTC carted away eight different awards, Dangote Cement went home with five.
The FMDQ GOLD Awards, now in its third year, recognises stakeholders whose participation in the fixed income, foreign exchange and derivatives markets in 2020, have supported and fostered growth and development of these markets and invariably, the Nigerian economy.
On Friday, November 6, 2020, the organisers held the event in compliance with the COVID-19 protocols of the federal government, with the nominees, finalists and winners verified by an independent verifier, Ernst & Young.
Stanbic IBTC, through its Stanbic IBTC Capital, cliched the FMDQ Registration Member award for the sponsorship of the highest total value of commercial paper on the FMDQ trading platform. It also got the FMDQ Capital Markets Securities Origination awards for sponsoring the highest value of listings of non-sovereign local currency securities on the FMDQ Exchange.
The banking arm of the group, Stanbic IBTC Bank, went away with the FMDQ Fixed Income Market Liquidity Provider award for getting the highest turnover in fixed income securities, as well as the getting the FX market liquidity provider award for the highest turnover in FX and FX derivatives on the exchange. The lender also emerged winner of the FMDQ OTC FX Futures Bank award for raking the highest OTC FX Futures contracts on the platform.
In addition, Stanbic IBTC Bank was the dealing member of the year, while Stanbic IBTC Pension Manager was the most active buy-side participant in the fixed income market as Stanbic IBTC Bank was named the Gold winner of the FMDQ Markets Liquidity Resilience award.
On its part, Dangote Cement was named the largest corporate bond listing award as well as the largest commercial paper quotation on FMDQ. The cement maker was got the largest corporate debt issuer award, largest corporate bond lodgement, while the Dangote Group was named the most active corporate in the FX market.
At the ceremony, the Lagos State government picked two awards; the largest sub-national bond listing on FMDQ and the largest sub-national bond lodgement.
Chapel Hill Denham picked an award for FMDQ Registration Member (listings) and the most active securities lodgement sponsor.
The award for the largest commercial paper lodgement went to MTN Nigeria, UBA received an award as the FMDQ money market liquidity provider and a bronze award for FMDQ Markets Liquidity Resilience.
Zenith Bank was the most active custodian on FMDQ, while the best brokerage service award winner was Zedcap.
