The latest ISDA SwapsInfo Quarterly Review shows that interest rate derivatives (IRD) traded notional and trade count declined in the first quarter of 2024 compared to the first quarter of 2023. Index credit derivatives trading activity also fell over the same period.
Key highlights for the first quarter of 2024 include:
- IRD traded notional fell by 3.8% to $100.5 trillion in the first quarter of 2024 from $104.5 trillion in the first quarter of 2023. Trade count dropped by 0.4% to 735.8 thousand from 739.0 thousand over the same period.
- Cleared IRD transactions comprised 75.3% of total IRD traded notional and 78.1% of total trade count.
- IRD transactions traded on swap execution facilities (SEFs) accounted for 57.3% of total IRD traded notional and 73.4% of trade count.
- Index credit derivatives traded notional dropped by 20.3% to $2.9 trillion in the first quarter of 2024 from $3.7 trillion in the first quarter of 2023. Trade count fell to 80.8 thousand from 106.8 thousand over the same period.
- Cleared index credit derivatives transactions accounted for 83.1% of total index credit derivatives traded notional and 87.7% of total trade count.
- SEF-traded index credit derivatives comprised 82.1% of total index credit derivatives traded notional and 86.7% of total trade count.
Click on the attached PDF to read the full report.
Documents (1) for SwapsInfo First Quarter of 2024 Review
Latest
ISDA Response to EC on Environmental Legislation
On September 10, ISDA, the Association for Financial Markets in Europe (AFME) and the European Fund and Asset Management Association (EFAMA) submitted a joint response to the European Commission’s (EC) call for evidence on reducing the administrative burden in environmental...
Credit Derivatives Trading Activity Q2 2025
This report analyzes credit derivatives trading activity reported in Europe. The analysis shows European credit derivatives transactions based on the location of reporting venues (EU versus UK) and product type. The report also compares European-reported credit derivatives trading activity to...
ISDA Trading and Treasury Forum: CEO Remarks
ISDA Derivatives Trading and Treasury Forum London, September 16, 2025 Opening Remarks Scott O’Malia ISDA Chief Executive Officer Good morning, and welcome to the ISDA Derivatives Trading and Treasury Forum. Thank you to CME Group for partnering with us...
Recognition of Cross-product Netting is Critical
US regulators are in the process of making important changes to the regulatory capital framework by proposing modifications to the enhanced supplementary leverage ratio, which should help stop it from acting as a non-risk-sensitive constraint on bank capacity – a...