Debt trading poll: Credit derivatives indices
Euromoney polled fund managers and traders around the world. We received 165 responses in total from (2006 figures in brackets): Europe 81.8% (94.7%); Asia 15.8% (2.65%); other 2.4%(2.65%)
Votes were sorted in descending order of stated total trading volumes and weighted as follows:
1. Factor of 4 applied to voters in first (top) quartile of trading volumes
2. Factor of 3 applied to voters in second quartile
3. Factor of 2 applied to voters in third quartile
4. 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. To obtain this figure, we asked respondents to estimate the proportion of their total annual debt trading business placed with their 10 top counterparties.
The total business placed with each service provider across all questionnaires received was then divided by total business on all questionnaires: $539.6