Fixed income exchange honors top trading institutions

The Philippine Dealing and Exchange Corp. (PDEx) conferred the top award to Security Bank Corp. (Security Bank) for garnering the highest volume of trading among the Top Five Most Active Trading Participants of the Exchange for 2006 during the Exchange’s Second Annual Achievement Awards. It is the second consecutive instance that Security Bank won the award.

The award was in recognition of Security Bank’s significant contribution and active role in advancing the capital market by generating the highest peso value of trades in government securities executed on the PDEx Interdealer Negotiated Trading System.

Of the 28 participating dealing banks, the bank was supported by a 160 percent and 130 percent growth in volume and transactions, respectively.

PDEx’s total volume grew by 80 percent and the number of transactions grew by 70 percent in 2006.

This outstanding performance can be attributed to sound distribution strategies wherein the foundation was the 114 branch network of the bank as well as competitive rates catering to both the institutional and individual customers’ needs.

Security Bank was one of the first to offer an innovative line-up of fixed income solutions and expert financial advice in wealth management to the grassroots level.

Likewise for the second year in a row, the bank was ranked among the country’s "Best Domestic FX Providers" for various FX products and services in the 2006 FX Poll of Asiamoney.

Asset Magazine’s special IMF/WB issue contained the results of the 2006 Asian Currency Bond Benchmark Survey. It indicated that the leaders in that category were Citigroup, HSBC, and Security Bank and Deutsche Bank were in Philippine peso government bonds and sixth in Philippine peso corporate bonds (behind four foreign banks and the Metropolitan Bank and Trust Corp.

This year’s CNBC Asia Business Leader Awards nominated Security Bank president and chief executive officer Alberto Villarosa as one of its frontrunners for the Philippines.The International Association of Business Communicators (IABC) also acknowledged Villarosa at the 2006 CEO Excel Awards held last November at the PICC Forum, CCP Complex.