It is my pleasure to welcome you to the 12th Annual Primary Dealer Award Ceremony. The main purpose of the Primary Dealer System is to promote the participation in government securities, to foster the development of financial markets, to improve secondary market trading system as well as to ensure efficiency in the market operations of the central bank.
Primary Dealers have contributed to the growth of the securities market by ensuring high demand during primary market auctions. In 2015, the ratio of Primary Dealer successful bids in the primary auction relative to the rest of the market was 61.33 percent.