Nordea leads the field in Nordic rankings

Swedish banking group Nordea has topped Risk's 2007 rankings for the Nordic region, narrowly beating Denmark's Danske Bank in the interest rate derivatives category.

Three banks - Nordea, Danske Bank and Skandinaviska Enskilda Banken (SEB, also based in Sweden) - are dominating the Nordic derivatives market, the survey found. International banks, including JP Morgan, Deutsche Bank and Société Générale, are relegated to the second tier, but many are performing well in specific fields. For example, JP Morgan is focusing on credit derivatives and SG on equity derivatives.

In the flourishing currency market, Danske Bank came top, followed by SEB. Growing hedge fund activity and strong equity markets have boosted demand for currency products, said Robert Celsing, SEB's head of foreign exchange production.

The interest rate market, led by Nordea with Danske Bank a close second, saw most interest in vanilla products from institutional investors.

The full rankings are available online at Nordic Risk's website.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Stemming the tide of rising FX settlement risk

As the trading of emerging markets currencies gathers pace and broader uncertainty sweeps across financial markets, CLS is exploring alternative services designed to mitigate settlement risk for the FX market

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here