The latest ISDA SwapsInfo Quarterly Review shows that trading volume for interest rate derivatives (IRD) and credit derivatives increased in the third quarter of 2022 compared to the third quarter of 2021.
Key highlights for the third quarter of 2022 include:
- IRD traded notional rose by 38.1% to $68.5 trillion in the third quarter of 2022 from $49.6 trillion in the third quarter of 2021. Trade count increased by 30.0% to 563.8 thousand from 433.8 thousand over the same period.
- Cleared IRD transactions represented 75.2% of total IRD traded notional and 77.6% of total trade count.
- IRD traded on swap execution facilities (SEFs) represented 58.9% of total IRD traded notional and 71.4% of trade count.
- Credit derivatives traded notional increased by 56.0% to $3.6 trillion in the third quarter of 2022 from $2.3 trillion in the third quarter of 2021. Trade count grew by 80.6% to 100.0 thousand from 55.4 thousand over the same period.
- Cleared credit derivatives transactions accounted for 85.1% of total traded notional and 88.9% of total trade count.
- SEF-traded credit derivatives comprised 84.1% of total traded notional and 88.1% of trade count.
Click on the attached PDFs to read the full summary and/or full report.
Documents (2) for SwapsInfo Third Quarter of 2022 and Year-to-September 30, 2022 Review
Latest
Response to Eurosystem Consultation on Appia
On April 22, ISDA responded to the Eurosystem consultation on the Appia roadmap. ISDA broadly supports the roadmap and its high level principles, while recommending that the principle on market access and integration should be expanded to explicitly address interoperability...
ISDA Responds to ESMA on PTRR Clearing Exemption
On April 20, ISDA submitted a response to the European Securities and Markets Authority (ESMA) consultation paper on a draft regulatory technical standard (RTS) for the post-trade risk reduction (PTRR) exemption from the derivatives clearing obligation under Article 4b of the...
Response on Competitiveness of EU Banking Sector
On April 17, ISDA responded to the European Commission’s (EC) targeted consultation on the competitiveness of the EU banking sector. The EU is aiming to bolster the ability of its financial markets and banking sector to grow, remain competitive and...
India Forum Scott O'Malia Opening Remarks
India Derivatives Markets Forum April 16, 2026 Opening Remarks Scott O’Malia, ISDA Chief Executive Good morning and welcome. This is the third year we’ve run the India Derivatives Markets Forum, and the number of people attending has grown each...