graph_Graph A.7_227DAD0C

Concentration in global OTC derivatives markets

Herfindahl index¹

Graph A.7

Foreign exchange derivatives²

Interest rate swaps

Equity-linked options

CAD = Canadian dollar; CHF = Swiss franc; EUR = euro; GBP = pound sterling; JPY = Japanese yen; SEK = Swedish krona; USD = US dollar.

¹ The index ranges from 0 to 10,000, where a lower number indicates that there are many dealers with similar market shares (as measured by notional principal) and a higher number indicates that the market is dominated by a few reporting dealers. ² Foreign exchange forwards, foreign exchange swaps and currency swaps.

Source: BIS OTC derivatives statistics (available at www.bis.org/statistics/derstats.htm).