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Coming to the crunch

The results of the Risk interdealer derivatives survey 2008 suggest there have been no major changes in the market, with the top three dealers unchanged from last year. But this could not be further from the truth, with the credit crisis and liquidity crunch affecting all dealers, large and small. By Radi Khasawneh, with research by Xiao-Long Chen

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A flick through the results of Risk's interdealer derivatives poll 2008 could make it seem as if little has changed. The same top three dealers from last year are on the podium once again - albeit in a different order. Last year's runner up, JP Morgan, has ended Deutsche Bank's three-year run at the top of the table with 10.8% of the overall vote, pushing the European bank into second place with 9

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