ISDA has published a new report that examines key findings from the 2025 Bank for International Settlements – BIS triennial survey. The report shows that global interest rate derivatives (IRD) average daily turnover rose by nearly 60% to $7.9 trillion in April 2025 from $5.0 trillion in April 2022. The increase was driven by strong growth in euro-denominated IRD trading, which surpassed US-dollar-denominated instruments to account for the largest share of global turnover. The UK strengthened its position as the leading global center for IRD trading, while EU-based sales desks recorded a marked increase as more euro-denominated transactions migrated to continental Europe. US-based turnover also grew but at a slower pace, resulting in a smaller global share in April 2025 than in April 2022. Hear from ISDA’s head of research, Olga Roman, CFA Roman, on the key findings from the report. Click here to read the full report: https://lnkd.in/eCS88JBB