How US dealers flipped the script in OTC trading
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Dealer Rankings 2026: After years of creeping specialisation, buy-side filings show top US houses expanding across the board, and squeezing European rivals
This article is an introduction to our Dealer Rankings 2026 coverage. You can find a detailed methodology here. Analysis of the results by dealer and instrument will follow soon.
At a glance, not much seems to have changed in this year’s Dealer Rankings, our annual analysis of over-the-counter derivatives shops. The same five US banks top the chart, and the same three Europeans are chasing. The
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