ISDA - INTERNATIONAL SWAPS
For Immediate Release, Thursday, October 14, 2010
For More Information, Please Contact:
Cesaltine Gregorio, ISDA New York,
+1 212-901-6019, email@example.com
Deirdre Leahy, ISDA New York, +1 212-901-6021, firstname.lastname@example.org
Donna Chan, ISDA Hong Kong, +852 2200 5906 email@example.com
Rebecca O'Neill, ISDA London, +44 203 088 3586, firstname.lastname@example.org
ISDA Survey: End-Users Give High Marks to Transparency, Liquidity and Pricing in Interest Rate Swaps Market
“According to our survey, corporations, investment managers and other end-users strongly believe that the interest rate swaps market is liquid and transparent,” said Conrad Voldstad, Chief Executive Officer, ISDA. “End-users carefully review pricing from multiple dealers and many use screens from vendors and dealers to ensure pricing is as competitive as possible. The survey confirms what ISDA has long believed -- that interest rate swap markets are liquid and deep.”
“In addition, a strong majority of those
surveyed believes the interest rate swaps market equals or surpasses four large
cash markets in terms of pre-trade price transparency, the competitiveness of
prices and liquidity,” said Mr Voldstad.
He noted that upwards of three-quarters of surveyed end-users rate the
A total of 234 non-financial
corporations, asset managers and other financial institutions in
Among the survey’s highlights:
<![endif]>Pre-trade Price Transparency: The
majority of surveyed
<![endif]>Pre-trade Price Transparency vs. Other Markets: A strong majority rate pre-trade price
transparency in the
<![endif]>Sources of Pricing: 84
percent of the surveyed
<![endif]>Price Competitiveness: Most surveyed end-users believe the prices
they receive from dealers for
<![endif]>Liquidity: A strong majority of the surveyed
<![endif]>Electronic Trading: A majority of those surveyed (77 percent)
believe electronic trading of
(67 percent) of the surveyed
The IRS survey results, including a slide presentation, are available on the ISDA website, www.isda.org.
About the Survey
End-User Survey was conducted online in July and August 2010. 295 non-financial corporations, asset
managers and other financial institutions from North America and Europe who use
OTC derivatives participated in the survey.
these 295 firms, 80 percent or 234 used interest rate swaps (
ISDA, which represents participants in the privately negotiated derivatives industry, is among the world’s largest global financial trade associations as measured by number of member firms. ISDA was chartered in 1985, and today has over 830 member institutions from 57 countries on six continents. These members include most of the world’s major institutions that deal in privately negotiated derivatives, as well as many of the businesses, governmental entities and other end users that rely on over-the-counter derivatives to manage efficiently the financial market risks inherent in their core economic activities. Information about ISDA and its activities is available on the Association's web site: www.isda.org.
ISDA® is a registered trademark of the International Swaps & Derivatives Association, Inc.