FCA lays out fine for manipulating Dutch govvies

A former Bank of America Merrill Lynch trader has been fined £60,090 for manipulating the price of Dutch government bonds on the electronic platform BrokerTec — though the profit made on the trading was 'insignificant'.

  • By Nell Mackenzie
  • 22 Nov 2017
Paul Axel Walter, who no longer works for BAML, was fined for the 11 occasions when he submitted a series of quotes that became the highest bids on the electronic platform BrokerTec, and then withdrew them when there was interest enough to inflate the price, and sold ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Barclays 12,042.98 14 11.16%
2 JPMorgan 10,114.01 13 9.37%
3 Citi 9,037.14 14 8.37%
4 NatWest Markets 8,487.83 7 7.87%
5 HSBC 7,587.14 11 7.03%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 26,776.92 63 12.44%
2 HSBC 20,140.01 43 9.35%
3 JPMorgan 18,140.98 43 8.43%
4 Deutsche Bank 17,160.97 23 7.97%
5 Bank of America Merrill Lynch 15,542.62 47 7.22%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 21,242.89 39 8.52%
2 Barclays 19,533.57 31 7.83%
3 UniCredit 16,899.52 41 6.78%
4 HSBC 16,516.41 51 6.62%
5 BNP Paribas 15,780.06 28 6.33%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 47,163.88 157 7.42%
2 JPMorgan 46,881.95 215 7.38%
3 HSBC 42,258.29 144 6.65%
4 Barclays 36,659.08 110 5.77%
5 Deutsche Bank 34,477.82 91 5.43%