Interest derivatives: global daily turnover by country and instrument

The UK's OTC (over-the-counter) interest rate derivatives market in 2019 was around 1.4 trillion U.S. dollars than that of the United States. This average daily turnover was fairly evenly split between forward rate agreements, overnight index swaps and other interest rate swaps, each of which accounted for around one trillion U.S. dollars. Other instruments made up the remainder. The United States had the second-largest OTC interest rate market at this time, followed by Hong Kong then Japan.

Countries with the largest over-the-counter (OTC) interest rate derivatives markets worldwide in 2019, by instrument and average daily turnover (in million U.S. dollars)

Characteristic	Forward rate agreements	Overnight index swaps	Other interest rate swaps	Options	Other instruments
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-

Download

Source

Show detailed source information?

Already a member?

Source

Use Ask Statista Research Service

Release date

December 2019

More information

Region

United Kingdom

Survey time period

April 2019

Supplementary notes

Over the counter (OTC) refers to foreign exchange transactions that occur outside regulated exchanges (such as the New Yok Stock Exchange or London Stock Exchange).

Forward rate agreement: an agreement for the purchase and sale of interest-bearing asset (such as a bond) at a fixed price at a point in the future;
Swap: the exchange of two different types of interest rates on the same notional principle, with one investor paying a fixed interest rate but receiving variable interest rate payments, and the other paying a variable interest rate but receiving payments based on a fixed interest rate;
Option: an agreement to purchase an interest-bearing asset at some time on the future, but with no obligation to carry out the transaction (unlike with forwards).

Citation formats