BIS Survey Shows OTC Derivatives Turnover Up To $171 Billion In UK


LONDON--The UK dominates other global financial centres in OTC derivatives trading, according to preliminary results of the Bank for International Settlements' triennial derivatives market survey. Financial institutions in the UK turned over some $171 billion worth of OTC derivatives on an average day last April, according to the Bank of England (BOE). This compares to daily turnover figures of $91 billion in the US, $46 billion in France and $42 billion in Japan.

The UK's $171 billion figur