BIS Derivatives Turnover Survey Points To Rapid Market Growth

METHODS & REGULATIONS

LONDON--The UK dominates other global financial centres in OTC derivatives trading, according to preliminary results of the Bank for International Settlements' triennial derivatives market survey. Financial institutions in the UK turned over some $171 billion worth of OTC derivatives on an average day last April. This compares to daily turnover figures of $91 billion in the US, $46 billion in France and $42 billion in Japan. The UK's $171 billion figure compares to $74 billion three years pr