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Opportunity knocks as big US dealers step back

Dealer Rankings 2025: Third annual exercise shows top US dealers are less dominant, allowing Barclays and others to strengthen

Pawn on a chessboard looking into a mirror and seeing a King

This article is an introduction to our Dealer Rankings 2025 coverage. You can find detailed analysis of the top 10 dealers here, and of the market for each instrument here. A detailed methodology is also available.

From three, to two, to… none. Over a three-year period, the group of dealers that could boast a clean sweep of top 10s in Risk.net’s Dealer Rankings dwindled, then disappeared. A trio

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