January 3, 2001, Murray Hill, NJ – Capital Access International announced today the release of The Capital Access Top 100 Broker Rankings for third quarter 2000. These quarterly rankings are based on US insurance company Schedule D filings and reflect the top 100 broker/dealers ranked according to the total dollar par amount of buy/sell transactions conducted each quarter with American insurance companies. Since U.S. insurance companies account for over 60% of the publicly available bondholdings information on U.S. institutional bond buyers, the quarterly Capital Access rankings provide a reliable barometer of market penetration among the leading firms involved in fixed-income buy/sell transactions.
The Capital Access Broker Rankings are provided for overall business as well as for each of the six major fixed-income market segments: asset-backed securities, corporate, government, mortgage-backed, municipal and non-U.S.1 Also issued today was The Capital Access Top 100 Institutional Holders Rankings, a ranking of the leading buyside firms managing insurance company fixed-income portfolios.
Following are the top five broker/dealers and the top five buyside institutions ranked according to total fixed-income transactions for the third quarter of 2000.
Top Broker/Dealers - All Market Sectors $ Par Amount Traded
1. Merrill Lynch Capital Markets $20.7 billion
2. Salomon Smith Barney $20.2 billion
3. Lehman Brothers Inc. $13.4 billion
4. Morgan Stanley Dean Witter & Co. $13.2 billion
5. Goldman Sachs & Co. $12.0 billion
Top Institutional Holders - All Market Sectors $ Par Amount Held
1. Metropolitan Life Insurance Company (Investments) $119.9 billion
2. Prudential Global Asset Management (Fixed Income) $109.8 billion
3. Teachers Insurance & Annuity Association $ 85.7 billion
4. Franklin Advisers, Inc. $ 65.0 billion
5. AEGON U.S.A. Investment Management $ 64.6 billion
As the leading provider of fixed-income information, Capital Access was founded in 1989 to support the information needs of broker/dealers, underwriters and debt issuers worldwide. Illustrating its niche as the premier data research firm in the industry, Capital Access is the only company that focuses on the needs of the fixed-income community exclusively. The company maintains the renowned FINCOM database of investor profiles, bondholdings and transaction data. The popular Internet product, eMAXX is used by thousands of institutional sales people, traders and marketers to manage sales and trading opportunities, and to retrieve information on bonds and bond buying firms around the world. The firm also produces reports and surveys on trends in the fixed-income marketplace. Capital Access International is headquartered in Murray Hill, New Jersey and maintains research and sales offices in London.