Final BIS data for 2014 highlights strong growth in the second half pf 2014.
The Bank for International Settlements (BIS) released OTC derivatives statistics at end-December 2014. OTC derivatives markets contracted in the second half of 2014. The notional amount of outstanding contracts fell by 9% between end-June 2014 and end-December 2014, from $692 trillion to $630 trillion. The gross market value of outstanding derivatives contracts - which provide a more meaningful measure of amounts at risk than notional amounts - rose sharply in the second half of 2014. Market values increased from $17 trillion to $21 trillion between end-June 2014 and end-December 2014, to their highest level since 2012.