Forex and Equity Derivatives Are Still to this Day Mostly Traded Outside of Public View. Transparency Surrounding Interest Rates and Credit Default Swaps Has Increased Since the Financial Crisis, but is Still Quite Low on a Relative Basis

‘The Bank for International Settlements (BIS) has collected information on global derivatives markets, including exposures to CCPs, since the mid-2000s. After processing, this data shows a significant increase in the notional amount outstanding of centrally cleared OTC derivatives since the crisis. The estimated clearing levels for interest rate and credit derivatives were around 24% and 5% respectively in 2009; by June 2018 these levels had risen to approximately 62% and 37%.38 In contrast, rates of central clearing in OTC FX and equity derivatives classes remain relatively low”. Read more

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