The latest ISDA SwapsInfo Quarterly Review shows that trading volumes for interest rate derivatives (IRD) decreased, while trading volumes for credit derivatives increased during the full year 2020 compared to the full year 2019.
Key highlights for the full year of 2020 include:
IRD traded notional decreased by 10.2% to $230.6 trillion in the full year 2020 from $256.8 trillion in the full year 2019. Trade count grew by 6.3% to 1.6 million from 1.5 million over the same period.
Cleared IRD transactions represented 90.2% of total traded notional and 83.9% of trade count.
SEF-traded IRD represented 59.6% of total traded notional and 63.2% of trade count.
Credit derivatives traded notional increased by 14.8% to $9.7 trillion in the full year 2020 from $8.5 trillion in the full year 2019. Trade count grew by 18.9% to 276.1 thousand from 232.1 thousand over the same period.
Cleared credit derivatives transactions represented 82.5% of total traded notional and 82.1% of trade count.
SEF-traded credit derivatives represented 78.9% of both total traded notional and trade count.
Click on the PDFs below to read the summary and/or the full report.