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
Joint Response to EBA Consultation
On August 12, ISDA and the Association for Financial Markets in Europe (AFME) responded to the European Banking Authority’s discussion paper on certain taxonomy key performance indicators (KPIs) and other aspects of the Disclosures Delegated Act under Article 8 of...
Response to JSCC on Clearing Fund Consolidation
On August 12, ISDA responded to the Japan Securities Clearing Corporation’s (JSCC) consultation on its proposal to consolidate clearing fund consumption, calculation and deposit segmentation across six clearing qualifications under the Financial Instruments and Exchange Act. ISDA members broadly support...
Response on CSDD Guidelines
On August 6, ISDA responded to the European Commission’s (EC) consultation on due diligence guidelines under the Corporate Sustainability Due Diligence Directive (CSDDD). While ISDA acknowledges that model contractual clauses can be a helpful resource for in-scope companies, there are...
Response to BoE on Extension of Settlement Hours
On August 6, ISDA responded to the Bank of England’s (BoE) consultation paper on the extension of settlement hours for RTGS and CHAPS, the UK’s high-value payment system. ISDA supports the BoE’s plan to extend RTGS and CHAPS settlement hours...