Interest Rate Derivatives House of the Year – BNP Paribas

Cedric Podevin, BNP Paribas

Equity and foreign exchange markets this year have been all about Japan – but the rates market has been different. North Asian investors, principally South Korea and Taiwan, are still on the hunt for yield, with both markets regaining their taste for complexity in 2013. Macro hedge funds looking to capitalise on an expansionary economic policy drove the flow business in Japan but outside of that country the markets' response to the Fed's indication in May that it would start tapering its bond bu