2010 BDA Fixed Income Compensation Survey

As the only organization representing the unique interests of securities dealers and banks
focused primarily on the U.S. fixed income markets, the Bond Dealers of America (BDA) is
pleased to present the results of the second annual Fixed Income Dealer Compensation
Survey. It is our hope that the BDA 2010 compensation survey will serve as a valuable tool
to enhance and inform your compensation management and strategic planning process and

At the outset, we wish to gratefully acknowledge the leadership of our Steering Committee
for its continued support and advice in the development of the survey instrument and
presentation of the results, as well as the regional fixed-income dealers who participated in
the survey. The survey definitions and methodology may be found as Annexes to the report.

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