Derivatives Market Weighed Down by Brexit, Acuiti Report Finds

continues to hang over the United Kingdom’s derivatives market, the inaugural Acuiti Derivatives Insight Report found, despite solid revenue performance in the sector during the month of March.
Acuiti is a new business intelligence platform for the global derivatives market. The first report from the platform, which is based on submissions from over 140 senior derivatives professionals, found that revenues for the had either risen or remained constant in March of 2019 on both a monthly and yearly comparison.

Specifically, out of the total respondents, 38 per cent reported an uptick in revenues month-on-month, and 33 per cent achieved an increase in revenues on a year-on-year comparison. 17 per cent of total respondents, however, experienced lower revenues month-on-month.
During the month of March, non-bank futures commission merchants (FCMs) and inter-dealer brokers reported the most positive trading conditions, the report found, however, banks reported challenging market conditions.
Acuiti: UK and Europe Drag Down Segment Performance
The Acuiti report also found that, although the segment as a whole achieved stable results, there was a marked difference in the performance across continents. Specifically, South America, the Asia Pacific region and the Middle East all drove revenue growth. However, European and UK participants faced a more difficult market.
UK respondents to the survey had the most depressed revenues combined with the fastest rising cost bases. The majority of the survey participants based in Britain cited Brexit as a primary obstacle to achieving .