Overall Ranking: the most active SVTs in 2022
Each year, since 1999, the league table of the most active primary dealers in French government securities (Spécialistes en valeurs du Trésor - SVTs) is published. The assessment of primary dealership activity takes into account every single aspect of their role: participation at auctions, footprint on the secondary market of the French Treasury securities, as well as the qualitative characteristics of their commercial relationship with AFT.
A score is allocated to each of the 15 primary dealers, based on a 100-point-total, with a weighting of 40 points for their participation at auctions, 30 points for their presence in the secondary market and 30 points for their qualitative contribution.
On this basis, the top 10 for the overall ranking is as follows:
- BNP Paribas
- Crédit Agricole CIB
- Citi
- J.P. Morgan
- Société Générale
- HSBC
- Deutsche Bank
- Barclays
- Goldman Sachs
- BofA Securities
Primary, secondary and qualitative rankings
Primary market
For the participation in auctions and buybacks, the 2022 ranking of the top 10 institutions is as follows:
- BNP Paribas
- HSBC
- Citi
- Crédit Agricole CIB
- J.P. Morgan
- Société Générale
- BofA Securities
- Barclays
- Morgan Stanley
- Goldman Sachs
Secondary market
When it comes to each primary dealer’s activity in the secondary market, the 2022 ranking of the top 10 institutions is as follows:
- BNP Paribas
- Citi
- Crédit Agricole CIB
- J.P. Morgan
- Deutsche Bank
- Société Générale
- Barclays
- Goldman Sachs
- HSBC
- Morgan Stanley
Finally, for the quality of services provided as primary dealers, the top 10 for the 2022 ranking is as follows:
- BNP Paribas
- Société Générale
- Crédit Agricole CIB
- J.P. Morgan
- Natixis
- Citi
- HSBC
- Deutsche Bank
- Barclays
- Goldman Sachs
Information:
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