TORONTO, ONTARIO--(Marketwire - March 4, 2013) - BMO Capital Markets, the investment & corporate banking arm of BMO Financial Group (TSX:BMO)(NYSE:BMO) has received honours in three categories in the China Foreign Exchange Trade System (CFETS) rating of market makers.
The BMO Capital Markets Foreign Exchange Group was named the Best Spot Market Maker, Most Popular Market Maker and Best G7 Market Maker.
In addition to the group awards, individual awards for Best Trader were given to Regine Ou and Ross Liu, members of the BMO foreign exchange team in Guangzhou.
Each of CFETS' 200 member banks are asked to submit two nominations for the individual Best Trader awards. Thirty awards are selected from these nominations. BMO is once again the only foreign bank to have both of its nominations recognized.
Finally, BMO's Gavin Wang was among the ten winners for the Best Head of Trading Award.
"These awards are a testament to BMO's performance as a top market maker, and to our ability to satisfy our clients consistently. Winning the Best Spot Market Maker award highlights the firm's strength in CNY pricing and distribution of price to CFETS members," said C.J. Gavsie, Head, Foreign Exchange Products, BMO Capital Markets. "Building our business in China is a priority and we will continue to provide our clients there with exceptional service and expertise."
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.
BMO Capital Markets' Foreign Exchange Products group is comprised of a team of nearly 100 professionals operating in 10 cities: London, Toronto, Montreal, Chicago, Milwaukee, New York, 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 (TSX:BMO)(NYSE:BMO), one of the largest diversified financial services providers in North America with $542 billion and more than 46,000 employees as at January 31, 2013.