Votes are sorted in descending order of stated total trading volumes and weighted as follows:
Factor of 4 applied to voters in first (top) quartile of trading volumes
Factor of 3 applied to voters in second quartile
Factor of 2 applied to voters in third quartile
Factor of 1 (unity) applied to voters in fourth quartile
Nominated firms were then scored 4:3:2 for first, second and third place votes respectively.
Overall ranking by market share: based on the total volume of business placed annually with each bank. We asked respondents to estimate the proportion of their total annual debt trading business placed with their five top counterparties. Total business placed with each service provider across all questionnaires received is then divided by total business on all questionnaires.
Multi-dealer platforms – service categories: Voters rate their provider from one to seven across service categories. The scores for each category are averaged to produce a category score for each provider rated.
We received 373 responses of which 301 were verified. Total notional trading volume of respondents that submitted that figure was $751 billion.
Respondent type: Percentage
Bank 40.83
Mutual fund/unit trust 20.42
Other asset manager 14.88
Insurance company 7.96
Hedge fund 7.61
Pension fund 6.23
Central bank 1.04
Government investment agency 1.04
If you have any questions about the survey, please contact Tim Moxon, head of research: tmoxon@euromoneyplc.
