The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.

Government Bond Trading House: Merrill Lynch

Awards for Excellence 1997

During the past year Merrill Lynch has expanded into Irish gilts, started trading Portuguese government bonds and has been preparing for the opening of an office in Milan, planned for September. The bank's institutional customers, especially in continental Europe, have increased dramatically in number.

Other notable highlights of the year included the integration of FG Madrid in Spain, which has primed the bank for full primary dealership by the end of this year. When Merrill started to concentrate on European government bond business in 1993, it stated that its main objectives were to provide consistent liquidity in all major European markets and to increase domestically sourced business for individual products. The strategy seems to be paying off.

Top tier JP Morgan JP Morgan's European presence combines with its capabilities in the US and Asia Pacific to give the bank a truly global reach. Add pioneering risk management techniques such as CreditMetrics into the mix, as well as a very high quality of research, and it is little wonder that the bank has done so well this year.

Top tier Goldman Sachs An active market-maker all over the world and a primary dealer in a number of countries, Goldman Sachs is recognized as a top government bond trading house in all areas of the business, be it proprietary trading, repo activities, or options.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree