HSBC moves up in the rankings for top fixed income brokers

The latest Asian G3 Bond Benchmark Review, published by Asset Benchmark Research, reveals a change in the rankings of the top fixed income brokers as the fall-out from cost-cutting in the fixed income sector has begun to impact banks' ability to service clients in the secondary market. In investment grade bonds, HSBC has replaced Standard Chartered as top broker, growing its market share from 7.1% to 7.3%, Citigroup and Morgan Stanley rank joint second with 7%. HSBC, which changed its trading team, has also significantly improved its ranking in high yield bonds tables, increasing its market share from 6.9% to 8.3% and moving to third place. 

HSBC tops IG table as StanChart, Deutsche lose market share

The fall-out from the cost-cutting in the fixed income business has finally started to show up in banks’ ability to service clients in the secondary market. In the first such evidence, the latest Asian G3 Bond Benchmark Review 2015 published by Asset Benchmark Research revealed a changing of the guard at the top of the fixed income brokers’ league table