ISDA has expanded its SwapsInfo analysis to include interest rate derivatives (IRD) trading activity reported in Europe. The analysis is based on transactions publicly reported by 30 European approved publication arrangements (APAs) and trading venues (TVs).
Key highlights for October 2021 include:
- Total European IRD trading activity reported by APAs and TVs in the EU and UK was $15.1 trillion, slightly down from $16.1 trillion in September 2021.
- IRD traded notional reported by APAs and TVs in the UK accounted for 76.5% of total European IRD traded notional, while EU IRD traded notional accounted for 23.5%.
- Euro-denominated IRD traded notional accounted for 35.4% of total European IRD traded notional. Sterling-denominated transactions comprised 39.0% of traded notional, while contracts denominated in US dollars contributed 15.4%.
- Overnight index swaps accounted for 49.6% of total European IRD traded notional, while fixed-for-floating interest rate swaps and forward rate agreements totaled 37.8% and 7.8%, respectively.
- 46.5% of total European IRD traded notional occurred on TVs, 35.6% was executed by systemic internalizers and 17.9% was executed off venue.
Documents (1) for Interest Rate Derivatives Trading Activity Reported in EU, UK and US Markets: October 2021
Latest
ISDA Response – ROC Consultation on Revised CDE Version 4
The International Swaps and Derivatives Association, Inc. (ISDA) response to the Regulatory Oversight Committee (ROC) consultation on the harmonisation of critical OTC derivatives data elements (CDE) revised CDE Technical Guidance – version 4, submitted to the ROC on January 24,...
ISDA response to ESMA MiFIR Review Consultation
On July 11, ISDA submitted a response to the European Securities and Markets Authority's (ESMA) fourth package of Level 2 consultation under the Markets in Financial Instruments Regulation Review (MiFIR), on transparency for derivatives, package orders and input/output data for...
Canadian Transaction Reporting Party Requirements
These Reporting Party Requirements establish the hierarchy and tie-breaker logic to determine a single reporting counterparty for Canadian provincial reporting. By leveraging the existing reporting party standard established for reporting to the CFTC, in most cases these rules facilitate submission...
ISDA In Review – June 2025
A compendium of links to new documents, research papers, press releases and comment letters published by ISDA in June 2025.