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The Hong Kong Monetary Authority (HKMA) announced today (December 15) the launch of the league tables of market makers (MMs) for the Exchange Fund Bills and Notes (EFBNs). It is the first time for the HKMA to compile such league tables.
The compilation of these league tables follows the recommendation arising from the review of the EFBN programme completed by the HKMA in October.
The league tables, one for Exchange Fund Bills (EFBs) and the other for Exchange Fund Notes (EFNs), list the ranking of the 12 MMs with the highest turnover in the respective markets over a six-month period between June and November 2006.
Mr Y.K. Choi, Deputy Chief Executive of the HKMA, said, "The EFBN programme is crucial to the development of the local debt market. The launch of league tables is a new initiative that aims to provide recognition to the top players, and should encourage trading activities in the EFBN market."
The league tables will be prepared every six months and published in early June and December based on the turnover from 1 December to 31 May and from June 1 to November 30 respectively.
League Tables of MMs for EFBNs
(Based on turnover data from June 1 to November 30 2006)
The Top 12 MMs for EFBs
1st HSBC
2nd Bank of China (Hong Kong) Limited
3rd Fubon Bank (Hong Kong) Limited
4th Hang Seng Bank Limited
5th Standard Bank Asia Limited
6th Royal Bank of Scotland Plc
7th Standard Chartered Bank (Hong Kong) Limited
8th Societe Generale
9th Banc of America Securities Asia limited
10th DBS Bank (Hong Kong) Limited
11th Wing Lung Bank Limited
12th Dah Sing Bank Limited
The Top 12 MMs for EFNs
1st HSBC
2nd Societe Generale
3rd BNP Paribas
4th Standard Chartered Bank (Hong Kong) Limited
5th Hang Seng Bank Limited
6th Royal Bank of Scotland Plc
7th UBS AG
8th DBS Bank (Hong Kong) Limited
9th Standard Bank Asia Limited
10th Calyon
11th Fubon Bank (Hong Kong) Limited
12th Deutsche Bank Aktiengesellschaft
Ends/Friday, December 15, 2006
Issued at HKT 16:37
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