The latest ISDA SwapsInfo Quarterly Review shows that trading volume for interest rate derivatives (IRD) and credit derivatives increased in 2022 compared to the previous year.
Key highlights for the full year 2022 include:
- Total IRD traded notional rose by 26.7% to $292.8 trillion in 2022 from $231.2 trillion in 2021. Trade count increased by 20.5% to 2.3 million from 1.9 million over the same period.
- Cleared IRD transactions represented 74.7% of total IRD traded notional and 76.0% of total trade count.
- IRD traded on swap execution facilities (SEFs) made up 58.4% of total IRD traded notional and 69.6% of total trade count.
- Credit derivatives traded notional increased by 50.8% to $14.4 trillion in 2022 from $9.5 trillion in 2021. Trade count grew by 63.3% to 396.9 thousand from 243.1 thousand over the same period.
- Cleared credit derivatives transactions accounted for 83.7% of total credit derivatives traded notional and 88.0% of total trade count.
- SEF-traded credit derivatives comprised 82.6% of total credit derivatives traded notional and 87.1% of trade count.
Click on the PDF below to read the full summary and/or full report.
Documents (2) for SwapsInfo Full Year 2022 and the Fourth Quarter of 2022 Review
Latest
Letter to EC and ESMA on Derivatives Framework
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Response on Proposed Changes to Transaction Rules
On May 22, ISDA and the Global Foreign Exchange Division (GFXD) of the Global Financial Markets Association submitted a joint response to the Australian Securities and Investments Commission's (ASIC) consultation on proposed changes to the ASIC Derivative Transaction Rules (Reporting)...
EBA FRTB-ASA Benchmarking Support for Newly In-scope Banks
A new regulatory requirement is expected to bring additional EU banks into scope for submitting Fundamental Review of the Trading Book (FRTB) Alternative Standardized Approach (ASA) capital as part of the European Banking Authority’s (EBA) benchmarking exercise. ISDA Capital Models...
Joint Letter on Sunset of Swaps TR Rules
On May 20, ISDA, FIA and the Securities Industry and Financial Markets Association (SIFMA) submitted a joint letter to US Commodity Futures Trading Commission (CFTC) to request the CFTC to sunset large trader reporting rules (LTR) rules for physical commodity...