SONIA futures trading volumes on the rise!
Sometimes I sit down to write these blogs and I have to think long and hard about the message I want to share. Other times, such as this, the ideas and sheer number of exciting things I could talk about means I need to really edit down my post (really – who wants to read 3000 words from yours truly?!).
Before we start on derivatives, I wanted to share a personal note – those of you who follow these missives perhaps know I'm not the most natural of writers. In fact, if you don't know me super well then you might not know, but I'm dyslexic so banging these out takes me some time. I don't make a big deal out of this, as I'm fortunate – working on software helps with spelling and editing – and I'm self-taught to simplify the message I'm trying to communicate. Together this means I can neutralise this disability.
I'm immensely proud to work at LSEG. On disabilities and diversity and inclusion more broadly, they are brilliant. These aren't warm words, but rather a reflection of the initiatives and individual actions I have seen across our businesses and global locations to support colleagues and celebrate diversity. I get pumped up every day. Not only are we making a difference directly in markets, providing you better prices and lower costs which helps the overall economy – but equally as important is that we're making a difference to all those who work and want to work in our industry. In terms of CurveGlobal Markets – we've had a pretty strong run recently.
- Total OI figures up around 100% since 1 October when we went fee-free
○ GBP OI up over 200% when notionally adjusted
- Record volumes in Q1 2021 (our best quarter ever)
- Massive blocks and an increased number of them (60% more so far in 2021 than the whole of 2020)
- More market participants joining, see BNP Paribas announcement here