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15th May 2019 | Article

May Acuiti Derivatives Insight Report released

Key findings:

  • Revenue growth falters in April
  • Non-bank FCMs suffer reversal after strong March
  • Industry sentiment cools but remains optimistic

London — 16 May The May Acuiti Derivatives Insight Report has found that the global derivatives industry reported faltering revenues in April in the face of lower volatility and subdued volumes.

The monthly Acuiti Derivatives Insight Report analyses revenue performance and sentiment from anonymous submissions from the Acuiti network of hundreds of senior derivatives executives.

The May report found that just 16% of respondents reported month-on-month revenue increases in April, down from 38% in the previous report. Year-on-year revenue growth also fell with 26% reporting an increase compared with 33% in the April report.

Respondents with operations in North America were most likely to report falls in month-on-month revenue in part due to a significantly stronger performance than most other regions the previous month.

Respondents in APAC reported the largest year-on-year falls.

“While some of the slowing of revenue growth in April can be explained by the impact of the quarterly roll for a lot of contracts, the year-on-year figures also point to a tough month for the derivatives industry,” said Will Mitting, managing director of Acuiti.

“However, with the volatility experienced in the first couple of weeks of May, I would expect performance to bounce back in the next report.”

Expectations for increases in revenues over the next three months also fell in the latest report with 33% of respondents predicting improved conditions compared to 58% in April.

However, that fall did not result in more people predicting declines with 6% of respondents in both this report and last month’s predicting a fall. Although 1% now predict a significant fall in revenues down from zero last month.

To download the report, click here