UK dealers see over half of interest rate derivatives trades
Dealers in the UK accounted for $3.67 trillion of the average daily global turnover of interest rate derivatives in April 2019 – 50.2% of the total.
This is up from $1.2 trillion in 2016, when UK sales desks accounted for 38.8% of turnover.
US dealers accounted for 32.2% of turnover, down from 40.8% three years prior. Hong Kong followed with a 6% share, up from 3.6% in 2016.
UK traders also accounted for 86% of all euro-denominated contracts in April 2019, up from 75% in 2016. Dealers in
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