The Ontario Securities Commission (OSC) published its 2024 Report on Canadian OTC Derivatives, bringing together publicly available data to provide transparency and summarise key features of Canada’s OTC derivatives markets over 2024 for investors and other market participants. The report describes general market characteristics and sets out statistical trends and observations, including that Canada’s OTC derivatives market exceeded $100 trillion in outstanding notional for the first time in 2024. It also notes a shift toward interest rate derivatives linked to risk-free rates and away from products linked to interbank offered rates, with interest rate derivatives the largest asset class by outstanding notional and foreign exchange the largest by number of outstanding positions. The OSC indicated it will continue efforts to make this data available, with report data drawn primarily from public sources.
Ontario Securities Commission 2025-06-04
Ontario Securities Commission publishes 2024 report showing Canada’s OTC derivatives market surpassing $100 trillion in outstanding notional
The Ontario Securities Commission's 2024 Report on Canadian OTC Derivatives reveals the market surpassed $100 trillion in outstanding notional for the first time. It notes a shift towards interest rate derivatives linked to risk-free rates, with these derivatives being the largest asset class by outstanding notional. The OSC will continue efforts to provide transparency using data primarily from public sources.