The latest ISDA SwapsInfo Quarterly Review shows that interest rate derivatives (IRD) traded notional and trade count declined in the first quarter of 2024 compared to the first quarter of 2023. Index credit derivatives trading activity also fell over the same period.
Key highlights for the first quarter of 2024 include:
- IRD traded notional fell by 3.8% to $100.5 trillion in the first quarter of 2024 from $104.5 trillion in the first quarter of 2023. Trade count dropped by 0.4% to 735.8 thousand from 739.0 thousand over the same period.
- Cleared IRD transactions comprised 75.3% of total IRD traded notional and 78.1% of total trade count.
- IRD transactions traded on swap execution facilities (SEFs) accounted for 57.3% of total IRD traded notional and 73.4% of trade count.
- Index credit derivatives traded notional dropped by 20.3% to $2.9 trillion in the first quarter of 2024 from $3.7 trillion in the first quarter of 2023. Trade count fell to 80.8 thousand from 106.8 thousand over the same period.
- Cleared index credit derivatives transactions accounted for 83.1% of total index credit derivatives traded notional and 87.7% of total trade count.
- SEF-traded index credit derivatives comprised 82.1% of total index credit derivatives traded notional and 86.7% of total trade count.
Click on the attached PDF to read the full report.
Documents (1) for SwapsInfo First Quarter of 2024 Review
Latest
Joint Response to ETS Review
On November 2, ISDA and the Association for Financial Markets in Europe submitted a joint statement on the European Commission’s call for feedback on the review of the EU Emissions Trading System (ETS). The response highlights the importance of a...
Updated OTC Derivatives Compliance Calendar
ISDA has updated its global calendar of compliance deadlines and regulatory dates for the over-the-counter (OTC) derivatives space.
ISDA Publishes ISDA SIMM® Methodology, Version 2.9+2606
Following the 2026 primary calibration exercise, ISDA is pleased to publish ISDA SIMM® version 2.9+2606. This version incorporates updates arising from the recalibration of the model using historical data up to and including 30 June 2026. The ISDA SIMM methodology...
Moving Regulatory Reporting up a Gear with AI
The aim of derivatives regulatory reporting is to improve transparency so regulators can monitor market activity and identify emerging risks. Although reporting rules and subsequent updates have resulted in improvements, they haven’t achieved fully consistent outcomes, leading to implementation and...