Debt trading poll 2009: Bank proprietary/Multi-dealer platforms – Overall and service categories

Debt trading poll 2009 Balance sheet counts in debt trading Market share Best for liquidity provision Investment grade High yield Credit Default Swaps Credit derivatives indices Bank proprietary/Multi-dealer platforms – Overall and service categories Methodology Bank proprietary platforms ’09 ’08 Bank Score 1 3 Deutsche Bank – Autobahn Electronic trading, dbconvertibles.com 310 2 1 Société […]

Debt trading poll 2009
Balance sheet counts in debt trading
Market share Best for liquidity provision
Investment grade High yield
Credit Default Swaps Credit derivatives indices
Bank proprietary/Multi-dealer platforms –
Overall and service categories

Methodology

Bank proprietary platforms
’09 ’08 Bank Score
1 3 Deutsche Bank – Autobahn Electronic trading, dbconvertibles.com 310
2 1 Société Générale 298
3 Barclays Capital Capital 207
4 4 RBC Capital Markets 143
5 6 JPMorgan eXpress 111
6 2 UBS 107
7 Citigroup Fixed Income Direct 88
8 7 BNP Paribas 86
9 10= HSBC 51
10 Credit Suisse 39
Multi-dealer platforms overall
’09 ’08 Bank Score
1 1 Bloomberg – Bond Trader 843
2 2 Tradeweb 527
3 3 MarketAxess 322
4 5 BondVision 121
5 4 Eurex 57
6 6 Reuters Trading for Fixed Income 33
7 8 Chicago Board of Trade (CBOT) 27
8= Blackbird 18
8= 7 TLX 18
10 BondWeb 13
Multi-dealer platforms Speed of execution
’09 Bank Score
1 Tradeweb 6.03
2 MarketAxess 5.89
3 Bloomberg – Bond Trader 5.63
Multi-dealer platforms Settlement
’09 Bank Score
1 BondVision 6.25
2 Tradeweb 6.03
3 MarketAxess 5.63
Multi-dealer platforms Research/Analytics
’09 Bank Score
1 Tradeweb 4.98
2 Bloomberg – Bond Trader 4.82
3 MarketAxess 4.64
Multi-dealer platforms Transactional costs
’09 Bank Score
1 Bloomberg – Bond Trader 5.

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