In December the finance team at Z/Yen completed two market surveys of the securities clients of the major broker/dealers. 90 investment managers were interviewed in 11 countries. As part of the survey, clients were asked to rank the performance of the brokers and, for the first time, these rankings have been published (see our website and recent press). As the rankings covered 11 leading brokers, Z/Yen’s “Spinal Tap Heads” wasted little time before quipping about “rankings that go up to 11”. Interviews were carried out by associates James Pitcher (Europe) and Jonathan Davies (USA). Further client surveys will follow covering Foreign Exchange, Derivatives and Hedge Funds.