Sterling interest rate ETDs plummet 28% in Q2
Investors cut open interest in futures and options contracts as crises piled up
Notional for sterling-denominated exchange-traded interest rate derivatives dropped 28% in the second quarter, Bank for International Settlements (BIS) data shows, as the UK faced concurrent economic and political crises.
Open interest for futures and options contracts decreased from $7.6 trillion to $5.5 trillion – the lowest balance since Q4 2016 and the second-lowest since Q1 2015. On an
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