OTC derivatives values fall to 10-year low – BIS
The most recent slump continues the retreat from gains witnessed in the first half of 2016
The gross market value of over-the-counter derivatives contracts fell to $11 trillion by the end of 2017, down 15% from the first six months of the year, to a level last seen in 2007, according to the latest survey of OTC markets by the Bank for International Settlements (BIS).
The most recent slump in the cost of replacing all outstanding contracts at current market prices marks a continued retreat from the $21 trillion seen at the end of June 2016. Meanwhile, the notional amount of
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