In 1996 DMG had its first full year of operations and began to show positive signs of gearing up to start playing with the big boys. It spent 1996 expanding its trading and underwriting activities in developed and emerging markets, with favourable effects on its profits and league-table rankings. In the equity capital markets, repo and derivatives businesses, DMG has gone from being practically unranked to positions in the top tier.
Similar progress has been made in the fixed-income business.
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