Tuesday, August 22, 2017 Stamford, CT USA — Even as some of its biggest rivals expand their businesses, RBC Capital Markets is widening its lead over the competition in Canadian Fixed Income.

RBC tops the list of the 2017 Overall Greenwich Share Leaders in Canadian Fixed Income, outpacing number two-ranked TD Securities, BMO Capital Markets, CIBC, and Scotiabank. 

RBC also secured a designation as a 2017 Greenwich Quality Leader in each of the four categories assessed by Greenwich Associates in its annual research. RBC is the sole Quality Leader in Canadian Fixed Income Trading. The firm joins BMO Capital Markets as Quality Leaders in Fixed Income Research, and is a Quality Leader in Fixed Income Sales along with BMO and TD Securities. The 2017 Overall Greenwich Quality Leaders in Canadian Fixed Income are BMO, RBC and TD Securities. 

“Over the past 12 months, all the leading Canadian fixed-income dealers have upped their game, and in response, RBC has also significantly upgraded its platform,” says Greenwich Associates consultant Peter Kane. 

RBC will have to stay on top of its game if it wants to maintain its lead over hard-charging rivals like BMO Capital Markets and TD Securities. TD Securities in particular is showing significant momentum by stepping up its performance in rates products while maintaining its already highly rated franchise in credit. 

“CIBC also deserves recognition for notching impressive gains in market share and quality ratings across sales and trading over the past 12 months,” says Peter Kane. 

Outside the “Big Five” dealers, Casgrain is another firm worth special note this year due to its proficiency in provincial bonds. Although relatively small, the Montreal-based, family-owned firm’s prominence in provincial bond secondary trading attracts lucrative new issue origination business. “It’s no accident that you find Casgrain alumni in the senior ranks of the leading dealers across Canada,” says Peter Kane.