Entering the Capital Markets Awards

Geographic Levels Awarded at: Global and regional

Eligible Global Entrants: All exchanges

Eligible Regional Entrants: Exchanges with operations in the relevant region

Assessment Criteria

• Examples of new or enhanced products and services
• Examples of new or enhanced asset class coverage (equities, debt, ETFs, derivatives, digital assets)
• Data evidencing improved trading platform performance (speed, capacity, resilience)
• Examples of new or enhanced execution capabilities (speed, efficiency and quality)
• Examples of new or enhanced market data services
• Examples of new or enhanced technology
• Data evidencing year-on-year analysis of on-book vs off-book exchange activity
• Data evidencing year-on-year analysis of lit vs dark volume activity
• Examples of improvements made to access to, and quality of, liquidity
• Data evidencing improved trading venue performance:

– Setting percentage
– Exclusive presence at the EBBO
– Presence at the EBBO
– Contribution (size) to the EBBO
– Average spread
– Average resting time
– Average time to fill

• Volume of transactions
• Number of transactions
• New investors coded

Geographic Levels Awarded at: Global and regional

Eligible Global Entrants: All exchanges

Eligible Regional Entrants: Exchanges with operations in the relevant region

Assessment Criteria:

• Examples of new or enhanced technology and digital infrastructure
• Examples of new acquisitions or mergers, or organic expansion into new areas
• Examples of new or enhanced digital assets development and infrastructure
• Examples of new or enhanced market data/analytics solutions or services
• Examples of new or enhanced liquidity solutions
• Examples of new or enhanced trading tools and workflow solutions

Geographic Levels Awarded at: Global and regional

Eligible Global Entrants: All exchanges

Eligible Regional Entrants: Exchanges with operations in the relevant region

Assessment Criteria:

• Examples of new or enhanced client-facing ESG products and services
• Examples of new or updated ESG strategies and initiatives
• Examples of new or updated ESG policies and frameworks
• Examples of new or enhanced ESG training and development
• Examples of innovative, impactful or significant sustainable finance deal examples
• Data evidencing new or improved alignment with international standards (e.g. SBTI, CDP, TCFD, NZBA)
• Data evidencing year-on-year comparison of value of sustainable bonds
• Data evidencing year-on-year comparison of volume of sustainable bonds
• Data evidencing year-on-year comparison of carbon footprint and offsetting achieved

Geographic Levels Awarded at: Global and regional

Eligible Global Entrants: All exchanges

Eligible Regional Entrants: Exchanges with physical operations in the relevant region

Assessment Criteria:

• Examples of new or enhanced programmes to support financial literacy
• Examples of new or improved digital solutions or technology that support financial literacy
• Examples of new or enhanced joint-ventures or partnerships to support financial literacy
• Data evidencing year-on-year investments made to support improvements in financial literacy
• Data evidencing year-on-year analysis of social impact of investments made to support improvements in financial literacy

Geographic Levels Awarded at: Global, regional and country/territory

Eligible Global Entrants: All brokers

Eligible Regional Entrants: Brokers with operations in the relevant region

Eligible Country/Territory Entrants: Brokers with operations in the relevant country/territory

Assessment Criteria:

• Examples of new or enhanced execution capabilities (speed, efficiency and quality)
• Examples of new or enhanced sales/distribution network
• Data evidencing improvements to fees/pricing structure
• Examples of new or enhanced research provision
• Examples of improvements made to access to, and quality of, liquidity
• Examples of improvements made to access to, and quality of, algos
• Examples of new or expanded relationships with venues/counterparties
• Examples of new or enhanced infrastructure
• Value of transactions
• Volume of transactions
• New clients coded

Geographic Levels Awarded at: Global, regional and country/territory

Eligible Global Entrants: All corporates

Eligible Regional Entrants: Corporates with operations in relevant region

Eligible Country/Territory Entrants: Corporates with operations in the relevant country/territory

Assessment Criteria:

• Examples of new or enhanced client-facing ESG products and services
• Examples of new or updated ESG strategies and initiatives
• Examples of new or updated ESG policies and frameworks
• Examples of new or enhanced ESG training and development
• Examples of innovative, impactful or significant sustainable finance deal examples
• Data evidencing new or improved alignment with international standards (e.g. SBTI, CDP, TCFD, NZBA)
• Data evidencing year-on-year comparison of value of sustainable bonds
• Data evidencing year-on-year comparison of volume of sustainable bonds
• Data evidencing year-on-year comparison of carbon footprint and offsetting achieved

Geographic Levels Awarded at: Global and regional

Eligible Global Entrants: All issuers, underwriters and exchanges

Eligible Regional Entrants: All issuers, underwriters and exchanges in relevant region

Assessment Criteria:

• Strategic importance of deal
• Impact of deal
• Innovation in deal structure
• Value of IPO
• % of free float
• Coverage
• % of foreign investors participating

Geographic Levels Awarded at: Global and regional

Eligible Global Entrants: All providers of market data and analytics

Eligible Regional Entrants: All providers of post-trade services with physical operations in region

Assessment Criteria:

• Examples of new or enhanced products and services
• Examples of enhancements made to detail, quality, accuracy and accessibility of your data
• Examples of enhanced integration capabilities
• Examples of new or enhanced technology that improves quality or delivery of data
• Data evidencing year-on-year market share
• Examples of how your data and analytics tools have been applied or utilised across the industry in the review period
• Examples of how your data and analytics tools have helped clients improve performance

Geographic Levels Awarded at: Global and regional

Eligible Global Entrants: All providers of alternative trading technology

Eligible Regional Entrants: All providers of post-trade services with physical operations in region

Assessment Criteria:

• Examples of new or enhanced products and services
• Examples of new or enhanced asset class coverage
• Data evidencing improved trading platform performance (speed, capacity, resilience) (if applicable)
• Examples of new or enhanced execution capabilities (speed, efficiency and quality)
• Examples of improvements made to access to, and quality of, liquidity
• Examples of new or enhanced technology
• Examples of changes to scope or demographics of client base
• Data evidencing year-on-year market share
• Data evidencing year-on-year trading volumes (if applicable)

Geographic Levels Awarded at: Global and regional

Eligible Global Entrants: All providers of post-trade services

Eligible Regional Entrants: All providers of post-trade services with physical operations in region

Assessment Criteria:

• Examples of successful execution of strategic vision
• Examples of new or enhanced asset class coverage (equities, debt, ETFs, derivatives, digital assets)
• Examples of new or enhanced risk management and controls
• Examples of new or enhanced liquidity solutions
• Examples of new or expanded connected clients and counterparties
• Examples of new or enhanced interoperability and user choice
• Examples of new or enhanced cost models
• Value of dividends processed