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 July 2021 include:
- Total European IRD trading activity reported by APAs and TVs in the EU and UK was $9.4 trillion. IRD traded notional reported by APAs and TVs in the UK comprised 76.6% of total European IRD traded notional, while EU IRD traded notional accounted for 23.4%.
- Euro-denominated RD traded notional comprised 40.8% of total European IRD traded notional. Sterling-denominated transactions made up 24.2% of traded notional, while contracts denominated in US dollars contributed 22.8%.
- Fixed-for-floating interest rate swaps accounted for 46.6% of total European IRD traded notional, while forward rate agreements and overnight index swaps totaled 12.3% and 34.4%, respectively.
- 56.0% of total European IRD traded notional was executed on TVs, 31.3% was executed by systemic internalizers and 13.7% was executed off venue.
- 64.9% of total European IRD traded notional was cleared.
Documents (1) for Interest Rate Derivatives Trading Activity in the EU, UK and US: July 2021
Latest
SwapsInfo Full Year 2024 and Q4 2024
Interest rate derivatives (IRD) trading activity increased in 2024, driven by interest rate volatility, adjustments in central bank policies and shifting market expectations on inflation and economic growth. Index credit derivatives also saw increased activity, as measured by traded notional,...
ISDA Response on UK MIFID Transaction Reporting
On February 14, ISDA submitted a response to the UK Financial Conduct Authority’s (FCA) discussion paper 24/2 on improving the UK transaction reporting regime under the UK Markets in Financial Instruments Directive (MIFID) framework. The FCA indicated it is making...
Saudi Capital Markets Event Welcome Remarks
Capital Markets & the Kingdom of Saudi Arabia February 19, 2025 Opening Remarks Scott O’Malia ISDA Chief Executive Good morning, everyone. I’d like to add my thanks to Saudi Tadawul Group for working with us on this event, as...
Appropriate Capital Regs Needed for Liquid Markets
The Basel III capital framework was designed to strengthen the regulation, supervision and risk management of banks in response to weaknesses exposed by the global financial crisis. As the last components of the framework are finalized and implemented around the...