The latest ISDA SwapsInfo Quarterly Review shows that trading volumes for interest rate derivatives (IRD) and credit derivatives both decreased during the third quarter of 2020 compared to the third quarter of 2019.
Key highlights for the third quarter of 2020 include:
- IRD traded notional decreased to $45.5 trillion from $68.8 trillion in the third quarter of 2019. Trade count fell to 359.1 thousand from 406.0 thousand over the same period.
- Cleared IRD transactions represented 89.9% of total traded notional and 83.6% of trade count.
- SEF-traded IRD represented 64.4% of total traded notional and 63.4% of trade count.
- Credit derivatives traded notional decreased to $1.8 trillion in the third quarter of 2020 from $2.4 trillion in the third quarter of 2019. Trade count fell to 53.4 thousand from 61.6 thousand over the same period.
- Cleared credit derivatives transactions represented 82.2% of total traded notional and 81.6% of trade count.
- SEF-traded credit derivatives represented 78.9% of total traded notional and 78.9% of trade count.
Click on the PDFs below to read the summary and/or full report.
Documents (2) for SwapsInfo Third Quarter of 2020 and Year-to-September 30, 2020 Review
Latest
Marking a Milestone - IQ January 2025
It was a different time and a very different market, but 1985 remains a seminal year in the history of over-the-counter (OTC) derivatives – the year that ISDA was established and the very first industry standard document was published. While...
Response to FCA on SI Regime
On January 10, ISDA and the Global Foreign Exchange Division (GFXD) of the Global Financial Markets Association (GFMA) responded to questions from the UK Financial Conduct Authority (FCA) on the future of the systematic internalizer (SI) regime. In the response,...
Response to CSA on Clearing Obligation
On December 19, ISDA submitted a response to the Canadian Securities Administrators (CSA) consultation on proposed amendments to the clearing obligation in Canada. The CSA invited comments on the proposed amendments and on the specific question set out in Annex B...
Derivatives Regulations and Usage in Japan
Japan’s regulatory landscape has generally been supportive of derivatives use by various segments of the buy side. While there are some guidelines on the purposes for which derivatives can be used by certain entities, which are not unique to Japan,...