Toronto-based CIBC was named “best derivatives house” in Canada for the second consecutive year by GlobalCapital, a capital markets news publication based in London, U.K.
“Our innovative solutions and differentiated approach reflect the needs of our clients,” says Christian Exshaw, managing director and head, capital markets trading at CIBC. “We are honoured by the industry’s recognition and look forward to continuing to deliver more innovation that benefits our clients in the future.”
CIBC’s selection was based on a poll of the publication’s readership and interviews with key market participants across derivatives markets.
“CIBC has once again been the outstanding Canadian bank in the derivatives market having augmented further what was already a best in show cross-asset platform,” said the editors of GlobalCapital at its 2015 Americas Derivatives Awards event in New York on May 28.
Other nominees in this category were Bank of Montreal, RBC Capital Markets and Toronto-Dominion Bank, all based in Toronto.
The awards ceremony also acknowledged Canadian law firms, with Toronto-based Borden Ladner Gervais LLP winning “best law firm for derivatives” in Canada. The other nominees were Blakes Cassels & Graydon LLP and Osler Hoskin & Harcourt LLP, also in Toronto.