(Bloomberg) -- Derivatives traded on global
exchanges rose 24 percent in the first quarter to a record $533
trillion on growing use of interest rate futures, currency
futures and stock index options, the Bank for International
Settlements said today.
The bank, based in Basel, Switzerland, calculates the
figure based on the underlying value of the currency, bonds or
stocks linked to the contracts, or their notional value. The 24
percent increase reflects a rise over the first quarter of 2006,
as well as over the fourth quarter of last year. The previous
record, set in the second quarter of 2006, was $485 trillion.
Read more at Bloomberg Bonds News
exchanges rose 24 percent in the first quarter to a record $533
trillion on growing use of interest rate futures, currency
futures and stock index options, the Bank for International
Settlements said today.
The bank, based in Basel, Switzerland, calculates the
figure based on the underlying value of the currency, bonds or
stocks linked to the contracts, or their notional value. The 24
percent increase reflects a rise over the first quarter of 2006,
as well as over the fourth quarter of last year. The previous
record, set in the second quarter of 2006, was $485 trillion.
Read more at Bloomberg Bonds News
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