Risk interdealer rankings 2011: Dealers
Dealers enjoyed a bright start to the year but endured a slow second quarter and a savage start to the third as political wrangling over European and US debt contributed to a surge in volatility and risk aversion. For the third year in a row, Deutsche Bank took top spot in the Risk interdealer rankings, with JP Morgan a close second. By Michael Watt
August is supposed to be a quiet month. Politicians and bankers pack their bags for a holiday, leaving behind a slow news cycle and slower markets.
Not this year. In June and July, concerns about Europe’s sovereign debt crisis returned – first as a result of protracted political wrangling over fresh support for Greece, and then as focus turned to Italy. When US politicians decided to get in on the
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