NEW YORK, NEW YORK and TORONTO, ONTARIO and SHANGHAI, CHINA--(Marketwired - March 28, 2014) - BMO Capital Markets, the investment and corporate banking arm of BMO Financial Group (NYSE:BMO)(TSX:BMO), has been named Most Popular/Best Spot Market Maker by the China Foreign Exchange Trade System (CFETS) rating of market makers for the 6th consecutive year.
The BMO Capital Markets Foreign Exchange Group, one of dozens of foreign banks trading the Renminbi currency in China, also received an award for Best non-US currency Market Making.
The CFETS awards identify the best market makers, best member banks, best trading heads and best traders by monitoring key indicators in the trading system such as client coverage, market making ability and response time.
"These awards mean a lot because we are in some very good company. We've been very successful as a North American based bank participating in their market," said C.J. Gavsie, Head, Foreign Exchange Products, BMO Capital Markets. "These awards certainly tell us that we are doing the right things in China, and underscore our desire to build up our capital markets capabilities and then extend them through various distribution channels to corporate clients."
The CFETS also recognized BMO Capital Markets Associate Sunny Li as one of 35 Outstanding Foreign Exchange Market Traders.
BMO Capital Markets' Foreign Exchange Products group is comprised of a team of nearly 100 professionals operating in 11 cities: London, Toronto, Montreal, Chicago, Milwaukee, New York, San Francisco, Guangzhou, Shanghai, Beijing and Hong Kong.
About BMO Capital Markets
BMO Capital Markets is a leading, full-service North American financial services provider, with 2,300 employees operating in 16 North American offices and 29 worldwide, offering corporate, institutional and government clients access to a complete range of investment and corporate banking products and services. BMO Capital Markets is a member of BMO Financial Group, one of the largest diversified financial services providers in North America with total assets of $593 billion and more than 45,500 employees at January 31, 2014.
Martha McInnis, New York
Pav Jordan, Toronto