Executive Summary

This report provides detailed information from European-based investors investing in Investment-Grade Credit, 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 – Cash Bonds vs. CDS-Index Products
  • Total Trading Volume – Distribution by Currency
  • Investment-Grade Cash Bonds Trading Volume – New Issue vs. Secondary
  • Electronic Trading Activity – Investment-Grade Credit Bonds
  • Electronic Trading Activity – Investment-Grade Index Products
  • Most Important Factors When Requesting an Electronic Quote
  • Concentration of Business – Investment-Grade Index Products
  • Value Provided By Dealers
  • Use of Dealers’ Research
  • Reward for Research
  • Research Services Rewarded by Investors
  • Research Services Valued Most
  • Methods Used to Reward Dealers for Research
  • Expected Impact of Clearing on Volume Allocation to Dealers
  • Key Success Factors – Sales-Relationship Management
  • Key Success Factors – Research
  • Key Success Factors – Market Making
  • Key Success Factors – Executable Bids and Offers on German Products
Methodology

Research is based on in-person and telephone interviews with 380 respondents between May and July, 2014. The data in this report is based upon aggregated results from individuals participating in the study.