The past five years have been difficult for the Money Market Dealers industry. Industry revenue is forecast to decline by 8.2% annualised over the five years through 2015-16, to reach $3.7 billion. Following the onset of the global financial crisis, money markets effectively froze, with investors unwilling to lend money and borrowers deterred by high borrowing costs. Industry revenue has yet to return to the level prior to the crisis, with turnover of short-term debt securities in Australia declining over the past five years.
Money market dealers are primarily engaged in buying and selling short-term debt securities, such as bank bills and negotiable certificates of deposit. They participate in the short-term money market and deal with other liquid placements. The businesses are also involved in holding and dealing securities issued by the Federal Government. The industry also includes those accepting deposits and providing finance, but excludes the operations of banks, building societies and credit unions.
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.