BMO Capital Markets Names 2009 Best Bank for Canadian Dollar

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BMO Capital Markets, the investment and corporate banking section of BMO Financial Group has been named the Best Bank for the Canadian Dollar by FX Weekly Magazine.

This award is the first time that BMO Capital Markets has received this honour, which is determined by votes from foreign exchange market professionals around the world.

The FX Week Best Bank Awards are presented annually in London, U.K. during the month of November.

FX Week Best Bank Awards are the most accurate indicator of who is leading the forex marketplace as the benchmark for the performance in the global FX industry, noted Stephen Couling, Publisher of FX Week.

In this year’s survey, there were nearly 7,000 respondents from banks, corporate treasurers and investors, which include fund managers, institutional investors and hedge funds, nominated by their preferred banks, brokers and vendors in 39 categories.

Each institution was awarded three points for a first place nomination, two for second place and one for first place.

In the Canadian dollar category, BMO Capital Markets was ranked first by banks and investors, and second by corporation. This resulted in BMO Capital Markets to finish first place overall.

This is among several rewards that BMO Capital Markets has recently won for its overall excellence in foreign exchange.

BMO Capital Markets’ Foreign Exchange Group consists of a team of nearly 100 professionals around the world.

The FX group holds a dominant position in the Canadian dollar foreign exchange market.

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