In 2016, a signifi cant number of
reporting dealers answered their annual hadn't changed from 2015-37.
The figures show the average daily turnover, expressed in millions of US dollars, after adjustment to avoid double-counting for the fact that transactions between
reporting dealers in Spain have been reported Dy both parties to the transaction.
CDS are typically bought and sold by
reporting dealers, banks, insurance companies and other governments.
The largest category is
reporting dealers, reflecting the interdealer nature of the market.
He appealed for communities to help tackle the problems by
reporting dealers to the police.
The total market value in the survey is the value of all contracts that had positive market values for the
reporting dealers plus the absolute value of
reporting dealers, contracts with nonreporters that had negative market values for the dealers (see table).
A key component of the government securities market is the group of so-called primary
reporting dealers.
Gross Market Value represents an estimate of the total positive market value of contracts held by
reporting dealers plus the absolute value of contracts with negative market value with non-reporting counterparties.
The results of this survey, together with the list of
reporting dealers and explanatory notes, are available online at www.
Among firms responding to both the Year-End and Mid-Year Surveys for interest rate and currency derivatives, outstandings grew 16%; and among the top ten
reporting dealers, outstandings grew nearly 18%.
His 32 years of investment banking experience includes serving as Managing Director and Board Member of both Sanwa International Bank and Kidder, Peabody International Limited, Executive Director and Board Member of Citicorp Investment Bank, and Chairman of the Council of
Reporting Dealers, a self-regulatory association of the 113 market makers in international securities.
Ellen is a board member of the International Securities Market Association (ISMA) and chairman of its Committee of
Reporting Dealers.
