The latest ISDA SwapsInfo Quarterly Review shows that trading volume for interest rate derivatives (IRD) and credit derivatives increased in the first quarter of 2022 compared to the first quarter of 2021.
Key highlights for the first quarter of 2022 include:
- IRD traded notional increased by 22.5% to $86.1 trillion in the first quarter of 2022 from $70.3 trillion in the first quarter of 2021. Trade count rose by 7.0% to 577.2 thousand from 539.5 thousand over the same period.
- Cleared IRD transactions represented 74.1% of total IRD traded notional and 72.8% of trade count.
- IRD traded on swap execution facilities (SEFs) represented 57.8% of total IRD traded notional and 66.0% of trade count.
- Credit derivatives traded notional increased by 69.9% to $4.5 trillion in the first quarter of 2022 from $2.6 trillion in the first quarter of 2021. Trade count grew by 62.6% to 113.6 thousand from 69.8 thousand over the same period.
- Cleared credit derivatives transactions represented 83.1% of total traded notional and 87.6% of total trade count.
- SEF-traded credit derivatives represented 82.2% of total traded notional and 86.9% of trade count.
Click on the attached PDFs to read the summary and/or full report.
Documents (2) for SwapsInfo First Quarter of 2022 Review
Latest
Next Steps on a Much Improved Basel III Endgame
Publication of the revised Basel III endgame proposal earlier this month marks an important step towards completion of the global capital reforms, giving banks much-needed clarity on the likely calibration of the rules in the US. The new proposal is...
Paper on Market Integration Plans
On March 20, ISDA shared its position paper on better regulation and supervision within the European Commission’s (EC) Market Integration and Supervision Package (MISP) proposal with decision makers in the European Parliament, the Council of the European Union and the...
Gentek AI Selected to Develop DRR Traceability
ISDA has selected Gentek AI to develop a new traceability tool for the ISDA Digital Regulatory Reporting (DRR) solution, enhancing transparency for users of the ISDA DRR. The traceability tool will allow users to look back at the history of...
ISDA Guidance: SOFR Publication on Good Friday 2026
ISDA guidance for parties to over-the-counter derivative transactions affected by expected non-publication of SOFR on Good Friday in 2026. Please note that the guidance may be updated from time to time.