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
Latest
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 Saudi Arabia Netting Opinions
ISDA has published new legal opinions that recognize the enforceability of close-out netting under regulations published by the Saudi Central Bank (SAMA) earlier this year. SAMA’s netting regulations were published in February, meaning all Group-of-20 jurisdictions now recognize the enforceability...
Get Ready for the ISDA Notices Hub
No one wants to have to terminate a derivatives trading relationship – that usually means a counterparty has failed to make a payment or has become insolvent. At an already stressful time, the last thing anyone needs is to experience...
ISDA Publishes Paper on SFDR Review
On June 23, ISDA and the Association for Financial Markets in Europe (AFME) published a position paper on the review of the Sustainable Finance Disclosure Regulation (SFDR). The paper acknowledges that the SFDR needs to be revised in line with...