OTC Market Report 2026
As market conditions grow less predictable, confidence in data and benchmarks is playing a bigger role in how markets are interpreted. Informed by insights from our third annual OTC market survey of more than 400 market participants globally, the report explores how data quality and indices are shaping market interpretation.
When data quality becomes part of market judgement
One of the clearest themes in the report is that better access to data does not remove the need for interpretation. In OTC markets, the harder question is whether the available data is timely, reliable and representative enough to support judgement when conditions become more complex.
That matters most in areas such as pre-trade transparency and price formation, where confidence can remain uneven. As more market participants rely on analytics, benchmarks and other data-led workflows, the quality of the underlying data becomes more important to how markets are understood.
What the full report uncovers
Data quality is not a standalone issue. The full report connects it to wider changes in market structure, showing how volatility, liquidity and execution conditions shape the data market participants rely on.
Within that broader picture, this section highlights three important themes:
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Confidence in OTC data is improving unevenly, with some use cases stronger than others
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Pre-trade transparency remains one of the hardest areas to solve, especially when market conditions become less stable
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Indices and benchmarks are playing a bigger role, helping market participants interpret volatility and liquidity with more structure
Download the full report
Access exclusive insights into confidence in data and benchmarks, alongside how liquidity and execution are adapting in more volatile conditions.