The latest ISDA SwapsInfo Quarterly Review shows that trading volume for interest rate derivatives (IRD) and credit derivatives increased in the first half of 2022 compared to the first half of 2021.
Key highlights for the first half of 2022 include:
- IRD traded notional increased by 29.4% to $156.7 trillion in the first half of 2022 from $121.1 trillion in the first half of 2021. Trade count rose by 17.1% to 1.2 million from 982.3 thousand over the same period.
- Cleared IRD transactions represented 74.4% of total IRD traded notional and 74.6% of trade count.
- IRD traded on swap execution facilities (SEFs) represented 58.1% of total IRD traded notional and 68.0% of trade count.
- Credit derivatives traded notional increased by 80.0% to $8.2 trillion in the first half of 2022 from $4.5 trillion in the first half of 2021. Trade count grew by 81.2% to 215.1 thousand from 118.7 thousand over the same period.
- Cleared credit derivatives transactions represented 83.0% of total traded notional and 87.5% of total trade count.
- SEF-traded credit derivatives accounted for 81.9% of total traded notional and 86.6% of trade count.
Click on the attached PDFs to read the summary and/or full report.
Documents (2) for SwapsInfo First Half of 2022 and the Second Quarter of 2022 Review
Latest
Response on UK MIFIR Reporting Guidelines
On November 6, ISDA responded to the Financial Conduct Authority’s (FCA) consultation CP26/34 ‘Preparing for the new transaction reporting regime’ on the upcoming changes to the UK Markets in Financial Instruments Regulation (MIFIR) transaction reporting regime, as set out in...
Response on Transaction Reporting and Transparency
On October 30, ISDA submitted comments on the European Parliament’s (EP) proposed transaction reporting and transparency-related amendments to the European Commission’s Market Integration and Supervision Package (MISP). On transaction reporting, ISDA commends the EP’s ambition but cautions against trying to...
Joint Paper on EC Tax Omnibus
On November 5, ISDA, the Association for Financial Markets in Europe (AFME) and the International Securities Lending Association (ISLA) submitted a paper to support the proposed European Commission (EC) Tax Omnibus as a route to simpler, more certain cross-border taxation....
Response to FCA on Tokenized Gold
On November 2, ISDA responded to the Financial Conduct Authority’s (FCA) call for input on tokenized gold. ISDA supports the use of tokenized gold as wholesale collateral and highlights the benefits it could bring to collateral management and settlement. ISDA...