Dealer Rankings reminder to vote: People versus the machine
Total Derivatives: "Which is the best bank for interest rate swaps?"
ChatGPT 3.5: "As an AI language model, I cannot recommend specific banks or financial institutions. However, when looking for a bank to engage in interest rate swaps, it is important to consider a few factors.
Firstly, you should look for a bank that has a good reputation and is well-established in the financial markets. This will help ensure that you are working with a reliable and reputable institution.
Secondly, you should look for a bank that has a strong presence in the derivatives market and has experience in interest rate swaps. This will give you access to a larger pool of counterparties and help ensure that you can execute your trades efficiently.
Thirdly, you should compare the pricing and terms offered by different banks to ensure that you are getting competitive rates and favorable terms for your trades."
Sensible albeit generic advice for the end-user but what will the AI say in a year's time, after capturing even more data in its nets?
For now, while humans can still make some decisions, please take a moment to cast your vote in the Total Derivatives Dealer Rankings. Rank the top market makers in IRS, options, inflation, structured notes and cross-currency basis. And if you've already voted, thanks again.
Rank the top three dealers in a product/currency based on factors such as reliability of market-making, keenness of pricing, depth of liquidity provision, speed of execution, access to trading platforms, efficiency of post-trade processing and product innovation.
Don't vote for your own institution – suspect votes will be annulled.
Thanks very much for your participation. The results will be released to clients and respondents next month.