The latest ISDA SwapsInfo Quarterly Review shows that trading volume for interest rate derivatives (IRD) and credit derivatives increased in the first quarter of 2022 compared to the first quarter of 2021.
Key highlights for the first quarter of 2022 include:
- IRD traded notional increased by 22.5% to $86.1 trillion in the first quarter of 2022 from $70.3 trillion in the first quarter of 2021. Trade count rose by 7.0% to 577.2 thousand from 539.5 thousand over the same period.
- Cleared IRD transactions represented 74.1% of total IRD traded notional and 72.8% of trade count.
- IRD traded on swap execution facilities (SEFs) represented 57.8% of total IRD traded notional and 66.0% of trade count.
- Credit derivatives traded notional increased by 69.9% to $4.5 trillion in the first quarter of 2022 from $2.6 trillion in the first quarter of 2021. Trade count grew by 62.6% to 113.6 thousand from 69.8 thousand over the same period.
- Cleared credit derivatives transactions represented 83.1% of total traded notional and 87.6% of total trade count.
- SEF-traded credit derivatives represented 82.2% of total traded notional and 86.9% of trade count.
Click on the attached PDFs to read the summary and/or full report.
Documents (2) for SwapsInfo First Quarter of 2022 Review
Latest
ISDA ALF: Katherine Tew Darras Opening Remarks
ISDA Annual Legal Forum London, February 11, 2026 Opening Remarks Katherine Tew Darras ISDA General Counsel Good morning and welcome to ISDA’s Annual Legal Forum. Thank you for joining us today and thanks to our platinum sponsors – Cleary...
Maintaining Focus on Basel III Endgame Recalibration
In its original form, the US Basel III endgame proposal would have resulted in disproportionate increases in capital for trading book activities, forcing banks to make difficult choices about their participation in certain businesses. After two-and-a-half years, a revised proposal...
IRRBB Management in EMDEs
Interest rate risk in the banking book (IRRBB) has become a growing priority for banks and regulators in emerging market and developing economies (EMDEs). As many of these countries face monetary tightening cycles and ongoing macroeconomic volatility, bank balance sheets...
Response to CPMI-IOSCO on Consultation
On February 5, ISDA and FIA responded to the Committee on Payments and Market Infrastructures (CPMI) and International Organization of Securities Commissions (IOSCO) consultation on the management of general business risks and general business losses by financial market infrastructures (FMIs)....