Executive Summary

This report provides detailed information from European-based investors investing in Interest Rate Derivatives, including helpful benchmark data such as:

  • Dealer rankings
  • Trading volume
  • Assets under management
  • Product usage information

Graphic slides include:

  • Total Trading Volume – Distribution by Type of Investor
  • Total Trading Volume – Distribution by Country-Region
  • Total Trading Volume – Distribution by Product
  • Total Futures Trading Volume – Distribution by Product
  • Interest Rate Swaps Trading Volume – Distribution by Duration
  • Interest Rate Swaps Trading Volume – Distribution by Currency
  • Electronic Trading Activity – Interest Rate Derivatives
  • Preferred Trading Protocol on SEFs 
  • Average Number of Dealers Included in RFQ for Electronic Trades in Interest Rate Swaps
  • Most Important Factors When Requesting an Electronic Quote
  • Anticipated Electronic Trading Activity – Interest Rate Swaps 
  • Use of Products in Interest Rate Derivatives
  • Concentration of Business – Interest Rate Swaps with Maturities of More Than  2 Years
  • Concentration of Business – Interest Rate Options
  • Value Provided By Dealers 
  • Reward for Research
  • Research Services Rewarded by Investors
  • Research Services Valued Most
  • Methods Used to Reward Dealers for Research
  • Expected Impact of Clearing and Margining Regulations on Use of Derivatives
  • Expected Impact of Clearing on Volume Allocation to Dealers
  • Proportion of Futures Trading Volume Executed by Channel
  • Proportion of OTC Products Volume Expected to Move to Futures
  • Key Success Factors – Sales-Relationship Management
  • Key Success Factors – Research 
  • Key Success Factors – Market Making 
Methodology

Research is based on in-person and telephone interviews with 214 respondents between May and July, 2014. The data in this report is based upon aggregated results from individuals participating in the study.