The latest ISDA SwapsInfo Quarterly Review shows that trading volume for interest rate derivatives (IRD) and credit derivatives increased in the third quarter of 2022 compared to the third quarter of 2021.
Key highlights for the third quarter of 2022 include:
- IRD traded notional rose by 38.1% to $68.5 trillion in the third quarter of 2022 from $49.6 trillion in the third quarter of 2021. Trade count increased by 30.0% to 563.8 thousand from 433.8 thousand over the same period.
- Cleared IRD transactions represented 75.2% of total IRD traded notional and 77.6% of total trade count.
- IRD traded on swap execution facilities (SEFs) represented 58.9% of total IRD traded notional and 71.4% of trade count.
- Credit derivatives traded notional increased by 56.0% to $3.6 trillion in the third quarter of 2022 from $2.3 trillion in the third quarter of 2021. Trade count grew by 80.6% to 100.0 thousand from 55.4 thousand over the same period.
- Cleared credit derivatives transactions accounted for 85.1% of total traded notional and 88.9% of total trade count.
- SEF-traded credit derivatives comprised 84.1% of total traded notional and 88.1% of trade count.
Click on the attached PDFs to read the full summary and/or full report.
Documents (2) for SwapsInfo Third Quarter of 2022 and Year-to-September 30, 2022 Review
Latest
ISDA In Review – July 2026
A compendium of links to new documents, research papers, press releases and comment letters published by ISDA in July 2026.
ISDA Expands SwapsInfo with US FX Derivatives Data
ISDA has expanded its SwapsInfo website to include data on US-reported foreign exchange (FX) derivatives, further increasing transparency in the over-the-counter (OTC) derivatives market. The new FX section provides insights into trading activity in FX forwards, swaps and options. Users...
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.
ISDA Feedback on Identifying Reference Data
On July 20, ISDA submitted feedback to the European Securities and Markets Authority (ESMA) on draft Level 3 guidance on several technical issues caused by the interaction of the recently adopted regulatory technical standard on derivatives transparency (RTS 2) and...