Survey of Market Participants

The Survey of Market Participants (SMP) is similar to the Survey of Primary Dealers (SPD), with the objective of better understanding the expectations of active investment decision makers. Initial eligibility to participate in the SMP is limited to a subset of firms associated with the following New York Fed advisory and sponsored groups:

Investor Advisory Committee on Financial Markets »
Foreign Exchange Committee »
Treasury Market Practices Group »
Buyside General Counsel Committee »

The surveys will consist of a subset of questions taken directly from the SPD. SMP questions and results will be posted on the New York Fed website, concurrent with the SPD.

Participation in the survey is voluntary and firms on the panel are listed below. This list will be updated if the composition of the panel changes.

Survey Panel

American Capital Agency
Graham Capital
Annaly Capital Management, Inc.
Guggenheim Partners
Apollo Management
Harvard Management Co.
Appaloosa Management L.P.
J.P. Morgan Asset Management
Bessemer Investment Management
Kynikos Associates
BlackRock
Microsoft Corporation
BlueMountain Capital Management, LLC
Millennium Management, LLC
Brevan Howard
Moore Capital Management LLC
Caxton Associates LP
NWI Management
Citadel LLC
Oppenheimer Funds
Cowen Group, Inc.
QFR Capital Management
Credit Suisse Group
Teacher Retirement System of Texas
D. E. Shaw & Co., L.P.
Tudor Investment Corporation
Eaton Vance
Vanguard
Fischer Francis Trees & Watts
Wellington Management


Surveys
All documents in PDF format PDF
Date
2017
June Survey
 
May Survey
March
January/February
2016
December*
November
September
July
June
April
March*
January
2015
December*
October
September*
July
June
April
March*
January
2014
December
October
September
July
June
April
March*
January

*Results include subsequent updates from market participants on select survey questions. Market participants' updated responses are included in the appendix.