Risk 25 firms of the future: Introduction

With over-the-counter derivatives markets in flux, picking winners and losers is a tough job. This is where Risk’s editorial team nails its colours to the mast. By Lukas Becker, Matt Cameron, Laurie Carver, Clive Davidson, Ramya Jaidev, Peter Madigan, Mark Pengelly, Joe Rennison, Nick Sawyer, Michael Watt and Duncan Wood

Anyone who wants to understand how OTC derivatives markets are changing should keep an eye on the 74 organisations named overleaf – our Firms of the Future. These are the dealers, buy-side firms, brokers, exchanges, technology vendors, clearing houses, regulators, infrastructure providers and trading platforms we believe will be most influential over the next five years.

Compiling this kind of list is tricky at the best of times, but when the OTC market – plus prudential regulation and the