SwapsInfo First Half of 2024 and the Second Quarter of 2024 Review

The latest ISDA SwapsInfo Quarterly Review shows that interest rate derivatives (IRD) traded notional and trade count increased in the first half of 2024 compared to the first half of 2023, while index credit derivatives trading activity declined over the same period.

Key highlights for the first half of 2024 include:

  • IRD traded notional rose by 9.5% to $197.8 trillion in the first half of 2024 from $180.6 trillion in the first half of 2023. Trade count grew by 10.9% to 1.5 million from 1.4 million over the same period.
  • Cleared IRD transactions made up 74.0% of total IRD traded notional and 76.8% of trade count.
  • IRD transactions executed on swap execution facilities (SEFs) accounted for 58.2% of total IRD traded notional and 72.3% of trade count.
  • Index credit derivatives traded notional declined by 2.3% to $5.8 trillion in the first half of 2024 from $5.9 trillion in the first half of 2023. Trade count fell by 11.5% to 160.6 thousand from 181.4 thousand over the same period.
  • Cleared index credit derivatives transactions comprised 82.6% of total index credit derivatives traded notional and 87.8% of trade count.
  • SEF-traded index credit derivatives accounted for 81.8% of total index credit derivatives traded notional and 86.8% of trade count.

Click on the attached PDF to read the full report.

Documents (1) for SwapsInfo First Half of 2024 and the Second Quarter of 2024 Review

ISDA AGM Studio: Jacques Vigner, BNP Paribas

Jacques Vigner, ISDA board member and chief strategic oversight officer for global markets at BNP Paribas, speaks with Mark Gheerbrant, global head of risk and capital at ISDA, on the key obstacles to a consistent, risk-appropriate capital framework and how to...

ISDA AGM Studio: Future Leaders in Derivatives

Following publication of the latest whitepaper from the ISDA Future Leaders in Derivatives (IFLD) program, Collateral and Liquidity Efficiency in the Derivatives Market: Navigating Risk in a Fragile Ecosystem, Joel Clark talks to IFLD participants Koen Ottenheijm, senior treasury and...

Australian Superannuation Funds Use of Derivatives

The funds under management (FUM) of Australian superannuation funds have grown substantially since legislation was introduced in 1992 requiring employer contributions. Over the past five years, total FUM has climbed from approximately A$2.3 trillion ($1.44 trillion) to A$4.1 trillion and...