ISDA has expanded its SwapsInfo analysis to include interest rate derivatives (IRD) trading activity reported in Europe. The analysis is based on transactions publicly reported by 30 European approved publication arrangements (APAs) and trading venues (TVs).
Key highlights for February 2022 include:
- Total European IRD trading activity reported by APAs and TVs in the EU and UK was $15.5 trillion, up from $13.4 trillion in January 2022.
- Total IRD traded notional reported by APAs and TVs in the UK accounted for 74.7% of total European IRD traded notional, while EU IRD traded notional accounted for 25.3%.
- Euro-denominated IRD traded notional accounted for 46.3% of total European IRD traded notional. Sterling-denominated transactions comprised 16.5% of traded notional, while contracts denominated in US dollars contributed 28.0%.
- Overnight index swaps accounted for 45.2% of total European IRD traded notional, while fixed-for-floating interest rate swaps and forward rate agreements totaled 38.8% and 10.8%, respectively.
- 40.7% of total European IRD traded notional was executed on TVs, 47.1% was executed by systemic internalizers and 12.2% took place off venue.
In addition, ISDA has expanded its SwapsInfo website to include IRD trading activity reported in the EU and UK. The new data is based on transactions publicly reported by 30 European APAs and TVs. European data is based on the location of reporting venues (EU versus UK), product taxonomy, currency, tenor and execution venue. To access the expanded SwapsInfo website, click here.
Documents (1) for Interest Rate Derivatives Trading Activity Reported in EU, UK and US Markets: February 2022
Latest
ISDA Wins Regulation Asia Award
ISDA has been awarded Outstanding Contribution to Regulatory Reforms for the ISDA Digital Regulatory Reporting (ISDA DRR) solution by Regulation Asia at its ninth annual Awards for Excellence. The ISDA DRR uses the Common Domain Model to convert an industry-agreed...
ISDA Launches RFP for Trade Eligibility Solution
ISDA has launched a request for proposal (RFP) for the development of a trade reporting eligibility tool for use alongside the ISDA Digital Regulatory Reporting (DRR) solution. The eligibility tool is intended to provide analysis on whether a derivatives transaction...
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.