The report highlights the UK’s overall dominance, far outpacing the US and Europe.

The International Swaps and Derivatives Association (Isda) has released a report on the credit derivatives trading activity in the European Union (EU), UK and US markets. The UK accounted for 79.5% of European credit default swap (CDS) traded across notional, including both index and single-income CDS The report highlights that in the third quarter of 2025, the UK accounted for 79.5% of European credit default swaps (CDS) traded across notional, including both index and single-income CD