Industry revenue is expected to decline at an annualised 2.0% over the five years through 2013-14 to reach $5.6 billion. The past five years have been tricky for money market dealers. Following the onset of the global financial crisis, global money markets effectively froze, with investors unwilling to lend money and borrowers deterred by the high borrowing costs. The situation has been gradually improving, although Australian turnover of short-term debt securities has continued to decline over the past five years, bringing industry revenue down with it. In 2013-14, industry revenue is forecast to decrease by 6.1%.
This industry consists of businesses involved in holding and dealing securities issued by the Federal Government. They participate in the short-term money market and deal with other liquid placements. Money market dealers primarily buy and sell short-term debt, such as bank bills and negotiable certificates of deposit.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.