BEST EUROBOND TRADING HOUSE
Deutsche has been awarded for its continuous success in providing multi-product services to its customers, and liquidity to the markets.
In May Deutsche took again a clear lead in Euromoney's trading poll, scoring well ahead of number two Eurobond trading house Morgan Stanley Dean Witter in the overall rankings.
"Providing liquidity is fundamental in achieving excellent performance in the credit markets. But to be at the top, you need a well-coordinated link between the primary, secondary and derivatives trading business," says Brian Reid, head of Deutsche's credit trading group. "The developments in the European credit markets require that you look at the whole continuum of credit trading."
In response to the more diversified and sophisticated investment approaches of clients, Deutsche has its sales department, the credit trading and the derivatives trading team working closely together, as well as the credit research and new issuance team.
And every part in Deutsche's integrated approach functions in its own right. Reid explains that Deutsche's sales team has put continuous efforts into building a deep institutional and retail client franchise. "The developments in this area were the key factor to our improved performance in eurobond trading."