Appendix 3. The Commission and the Industry We Regulate
Estimated Annual Swap Event Volume

Events1 include new trades, innovations and terminations, but exclude intro-company trades and tear-ups.  Products include:  interest rate derivatives, credit derivatives, equity derivatives, currency options and commodity derivatives.2

Estimated Swap Event Volume
Contract Trading Volume in Millions

Chart showing the Estimated Swap Event Volume for fiscal years 2001 to 2012.

Estimated Swap Event Volume
Contract Trading Volume in Millions
  2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Est.
Contract Trading Volume 1,356 1,975 2,082 3,001 3,876 6,872 11,385 10,150 10,298 15,119 11,867 12,000

1 Swap event volume data actuals for FY 2012 will be available in April 2013. (back to text)

2 Reported participant monthly average multiplied by 12 months per year, multiplied by the number of participants in the relevant survey year, and divided by two to account for potential double counting for swap transactions between survey participants. (back to text)