Euro, dollar-denominated ETDs boomed in Q1
But diverging demand for futures and options points to uncertainty on Fed and ECB timings
Notionals for euro- and dollar-denominated interest rate exchange-traded derivatives (ETDs) soared 16% year on year in the first quarter, Bank for International Settlements data shows. The latest figures paint a very different picture on the adoption of futures and options between the two currencies, hinting at diverging expectations around the timings of rate tightening on the two sides of the
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