Germany's largest bank held on to the number one ranking in Risk Magazine's annual survey of derivatives traders, Bloomberg News reports, beating JPMorgan Chase and Goldman Sachs into second and third place respectively.
The industry magazine surveyed over 1,000 dealers and brokers in order to compile the rankings, with Deutsche Bank winning 10.6 per cent of the votes, compared with 9.5 per cent for JPMorgan.
Despite this, however, it was JPMorgan which topped the rankings in the two main credit derivatives categories â including credit default swaps, the fastest-growing segments of the derivatives market.
Meanwhile, France's Societe Generale came top for equity derivatives, while Goldman Sachs was the most improved over all, rising to third place in the overall rankings from 11th last year, according to Bloomberg.
Derivatives are big business â at the end of 2005, it is estimated that $298 trillion financial derivates were traded outside exchanges.