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 the first quarter of 2022 include:
- Total European IRD trading activity reported by APAs and TVs in the EU and UK was $47.4 trillion, up by 22.6% from $38.6 trillion in the fourth quarter of 2021.
- Total IRD traded notional reported by APAs and TVs in the UK accounted for 75.2% of total European IRD traded notional, while EU IRD traded notional accounted for 24.8%.
- Euro-denominated IRD traded notional accounted for 45.0% of total European IRD traded notional. Sterling-denominated transactions comprised 17.8% of traded notional, while contracts denominated in US dollars contributed 27.1%.
- Overnight index swaps accounted for 47.1% of total European IRD traded notional, while fixed-for-floating interest rate swaps and forward rate agreements totaled 34.4% and 13.5%, respectively.
- 44.2% of total European IRD traded notional was executed on TVs, 46.0% was executed by systematic internalizers and 9.8% was reported as XOFF.
This report used to be published on a monthly basis. Starting with the first quarter of 2022, the report will now be published quarterly.
In addition, ISDA has expanded its SwapsInfo website to include IRD trading activity reported in the EU and UK. To access the expanded SwapsInfo website, click here.
Documents (1) for Interest Rate Derivatives Trading Activity Reported in EU, UK and US Markets: First Quarter of 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.