Risk interdealer rankings 2012: Brokers

Calm before the storm

The shape of the post-crisis derivatives market is getting clearer and brokers are getting a better idea of what is at stake. New rules could cement their role in the over-the-counter space for years to come and hand them a lucrative business – or rob them of their current status and pitch them into a much larger competitive arena. “One of the noticeable things this year has been a sea change in firms’ appetite to do something about regulation,” says Matt Woodhams, hea