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Volume Surveys

DEBT TRADING AND CDS VOLUME SURVEYS 

The EMTA Debt Trading and CDS Volume Surveys are comprehensive sources of information about trading volumes and liquidity in Emerging Markets debt instruments.

The EMTA Debt Trading Volume Survey compiles information from industry participants on sovereign and corporate Eurobonds, loans, local currency and USD-denominated local instruments, and debt options and warrants. Surveys include trading volume data indexed by issuing country and instrument type, an analysis of market trends and historical information on volume breakdowns.

EMTA has published Annual Debt Trading Volume Surveys since 1992. Publication of Quarterly Surveys began in the first quarter of 1997. Data is collected from approximately 50 participants in the Emerging Markets debt industry.

The CDS Volume Survey collects a more limited sample of volumes on CDS contracts on 23 countries and 8 corporates, and aggregates information from 12 EMTA sell side Board firms. The CDS Survey has been published since 2009.

Complimentary copies are available for all participating firms, or can be ordered at a fee of $250 per edition.

VOLUME SURVEY ORDER FORM

December 20, 2024
EMTA Announces 3Q 2024 CDS Volume Stood at US$406 Billion.

September 30, 2024
EMTA Announces 2Q 2024 CDS Volume Stood at US$256 Billion.

EMTA Announces 2Q 2024 EM Debt Trading Volume Stood at US$1.441 Trillion.

June 26, 2024
EMTA Announces 1Q 2024 EM Debt Trading Volume Stood at US$1.703 Trillion.

June 21, 2024
EMTA Announces 1Q 2024 CDS Volume Stood at US$312 Billion.

March 26, 2024
EMTA Announces 2023 EM Debt Trading Stood at US$5.592 Trillion.

March 22, 2024
EMTA Announces 2023 CDS Volume Stood at US$1.158 Trillion.

December 21, 2023
EMTA Announces 3Q 2023 EM Debt Trading Volume Stood at US$1.44 Trillion.

December 19, 2023
EMTA Announces 3Q 2023 CDS Volume Stood at US$331 Billion.

September 25, 2023
EMTA Announces 2Q 2023 EM Debt Trading Volume Stood at US$1.311 Trillion.

September 21, 2023
EMTA Announces 2Q 2023 CDS Volume Stood at US$215 Billion.

June 29, 2023
EMTA Announces 1Q 2023 EM Debt Trading Volume Stood at US$1.619 Trillion.

June 27, 2023
EMTA Announces 1Q 2023 CDS Volume Stood at US$380 Billion.

March 15, 2023
EMTA Announces 2022 EM Debt Trading Stood at US$5.419 Trillion.

February 15, 2022
EMTA Announces 4Q 2022 CDS Volume Stood at US$236 Billion.

December 21, 2022
EMTA Announces 3Q 2022 EM Debt Trading Volume Stood at US$1.255 Trillion.

December 13, 2022
EMTA Announces 3Q 2022 CDS Volume Stood at US$382 Billion.

September 26, 2022
EMTA Announces 2Q 2022 EM Debt Trading Volume Stood at US$1.309 Trillion.

September 16, 2022
EMTA Announces 2Q 2022 CDS Volume Stood at US$281 Billion.

June 29, 2022
EMTA Announces 1Q 2022 EM Debt Trading Volume Stood at US$1.494 Trillion.

June 21, 2022
EMTA Announces 1Q 2022 CDS Volume Stood at US$437 Billion.

March 28, 2022
EMTA Announces 2021 EM Debt Trading Stood at US$5.137 Trillion.

March 10, 2022
EMTA Announces 4Q 2021 CDS Volume Stood at US$347 Billion.

December 22, 2021
EMTA Announces 3Q 2021 EM Debt Trading Volume Stood at US$1.248 Trillion.

November 24, 2021
EMTA Announces 3Q 2021 CDS Volume Stood at US$349 Billion.

September 29, 2021
EMTA Announces 2Q 2021 EM Debt Trading Volume Stood at US$1.354 Trillion.

August 13, 2021
EMTA Announces 2Q 2021 EM CDS Volume Stood at US$253 Billion.

June 29, 2021
EMTA Announces 1Q 2021 EM Debt Trading Volume Stood at US$1.372 Trillion.

May 7, 2021
EMTA Announces 1Q 2021 EM CDS Volume Stood at US$431 Billion.

March 29, 2021
EMTA Announces 2020 EM Debt Trading Stood at US$5.067 Trillion.

February 9, 2020
EMTA Announces 2020 Annual CDS Volume Stood at US$1.5 Trillion.

December 21, 2020
EMTA Announces 3Q EM Debt Trading Volume Stood at US$1.133 Trillion.

December 3, 2020
EMTA Announces 3Q CDS Volume Stood at US$392 Billion.

September 29, 2020
EMTA Announces 2Q EM Debt Trading Volume Stood at US$1.311 Trillion.

August 11, 2020
EMTA Announces 2Q 2020 EM CDS Volume Stood at US$289 Billion.

June 29, 2020
EMTA Announces 1Q EM Debt Trading Volume Stood at US$1.492 Trillion.

June 8, 2020
EMTA Announces 1Q 2020 EM CDS Volume Stood at US$521 Billion.

March 30, 2020
EMTA Announces 2019 EM Debt Trading Stood at US$5.341 Trillion.

March 4, 2020
EMTA Announces 2019 CDS Volume Stood at US$1.79 Trillion.

December 20, 2019
EMTA Announces 3Q EM Debt Trading Volume Stood at US$1.416 Trillion.

December 11, 2019
EMTA Announces 3Q 2019 EM CDS Volume Stood at US$468 Billion.

September 20, 2019
EMTA Announces 2Q EM Debt Trading Volume Stood at US$1.211 Trillion.

August 14, 2019  
EMTA Announces 2Q 2019 EM CDS Volume Stood at US$364 Billion. 

June 26, 2019
EMTA Announces 1Q 2019 EM Debt Trading Volume Stood at US$1.381 Trillion. 

June 12, 2019
EMTA Announces 1Q 2019 EM CDS Volume Stood at US$505 Billion.

March 27, 2019
EMTA Announces 2018 EM Debt Trading Stood at US$4.879 Trillion.

March 22, 2019
EMTA Announces 2018 CDS Volume Stood at US$1.822 Trillion. 

December 19, 2018
EMTA Announces 3Q 2018 EM Debt Trading Volume Stood at US$1.205 Trillion.

November 29, 2018 
EMTA Announces 3Q 2018 EM CDS Volume Stood at US$509 Billion.

September 10, 2018
EMTA Announces 2Q 2018 EM Debt Trading Volume Stood at US$1.327 Trillion.

August 1, 2018
EMTA Announces 2Q 2018 EM CDS Volume Stood at US$468 Billion.

June 20, 2018
EMTA Announces 1Q 2018 EM Debt Trading Volume Stood at US$1.280 Trillion.

May 24, 2018
EMTA Announces 1Q 2018 EM CDS Volume Stood at US$488 Billion.
 
March 26, 2018
EMTA Announces 2017 EM Debt Trading Stood at US$4.910 Trillion.

March 1, 2018
EMTA Announces 2017 EM CDS Volume Stood at US$1.298 Trillion.
 
December 20, 2017
EMTA Announces 3Q 2017 EM Debt Trading Volume Stood at US$1.299 Trillion.

November 29, 2017
EMTA Announces 3Q 2017 EM CDS Volume Stood at US$359 Billion. 

September 19, 2017
EMTA Announces 2Q 2017 EM Debt Trading Volume Stood at US$1.132 Trillion.
 
August 18, 2017
EMTA Announces 2Q 2017 EM CDS Volume Stood at US$261 Billion. 

June 20, 2017
EMTA Announces 1Q 2017 EM Debt Trading Volume Stood at US$1.323 Trillion.
 
May 8, 2017
EMTA Announces Reported 1Q 2017 CDS Trading Stood at US$404 Billion.

March 29, 2017
EMTA Announces 2016 EM Debt Trading Stood at US$5.167 Trillion

March 2, 2017
EMTA Announces Reported 4Q CDS Trading Stood at US$306 Billion.

December 19, 2016
EMTA Announces 3Q 2016 EM Debt Trading Volume Stood at US$1.379 Trillion. 

November 17, 2016
EMTA Announces 3Q 2016 EM CDS Volume Stood at US$376 Billion.

September 13, 2016
EMTA Announces 2Q 2016 EM Debt Trading Volume Stood at US$1.356 Trillion.

August 4, 2016
EMTA Announces 2Q 2016 EM CDS Volume Stood at US$287 Billion. 

June 16, 2016
EMTA Announces 1Q 2016 EM Debt Trading Stood at US$1.299 Trillion.

June 14, 2016
EMTA Announces 1Q 2016 EM CDS Volume Stood at US$363 Billion.
 
March 29, 2016
EMTA Announces 4Q 2015 EM Debt Trading Stood at US$1.152 Trillion. 

March 22, 2016
EMTA Announces 4Q 2015 EM CDS Volume Stood at US$254 Billion. 

December 14, 2015
EMTA Announces 3Q 2015 EM Debt Trading Stood at $1.137 Trillion.

November 23, 2015
EMTA Announces 3Q 2015 EM CDS Volume Stood at US$376 Billion. 

August 18, 2015
EMTA Announces 2Q 2015 EM Debt Trading at US$1.211 Trillion.

August 5, 2015
EMTA Announces 2Q 2015 EM CDS Volume Stood at US$275 Billion. 

June 11, 2015
EMTA Announces 1Q 2015 EM Debt Trading at US$1.226 Trillion. 

May 4, 2015
EMTA Announces 1Q 2015 EM CDS Volume Stood at US$383 Billion.

March 13, 2015
EMTA Announces 2014 Emerging Markets Debt Trading Stood at US$5.922 Trillion.

February 5, 2015
EMTA Announces 2014 Annual EM CDS Volume Stood at US$1.56 Trillion.

December 2, 2014
EMTA Announces 3Q 2014 EM Debt Trading at US$1.454 Trillion.

November 18, 2014
EMTA Announces 3Q 2014 EM CDS Volume Stood at US$377 Billion.

September 5, 2014
EMTA Announces 2Q 2014 EM Debt Trading Ticks up to US$1.668 Trillion.

August 1, 2014
EMTA Announces 2Q 2014 EM CDS Volume Stood at US$389 Billion.

June 18, 2014
EMTA Announces 1Q 2014 EM Debt Trading Ticks Up to US$1.589 Trillion.

May 14, 2014
EMTA Announces 1Q 2014 EM CDS Volume Stood at US$409 Billion.

March 27, 2014
EMTA Announces 2013 Annual Emerging Markets Debt Trading Stood at US$5.571 Trillion. 

February 25, 2014
EMTA Announces 2013 EM CDS Volume Stood at US$1.064 Trillion.

December 18, 2013
EMTA Announces 3Q 2013 EM Debt Trading Stood at US$1.266 Trillion.

November 22, 2013
EMTA Announces 3Q 2013 EM CDS Volume Stood at US$297 Billion.

August 27, 2013
EMTA Announces 2Q 2013 EM Debt Trading Stood at US$1.587 Trillion.

August 12, 2013
EMTA Announces 2Q 2013 EM CDS Volume Stood at US$279 Billion.

June 13, 2013
EMTA Announces 1Q 2013 EM Debt Trading Stood at US$1.399 Trillion.

April 29, 2013
EMTA Announces 1Q 2013 EM CDS Volume Stood at US$212 Billion.

March 14, 2013
EMTA Announces 4Q 2012 EM Debt Trading Volume Stood at US$1.269 Trillion.

February 8, 2013
EMTA Announces 4Q 2012 EM CDS Volume Stood at US$142 Billion

December 4, 2012
EMTA Announces 3Q 2012 EM Volume Stood at US$1.296 Trillion.

November 26, 2012
EMTA Announces 3Q 2012 EM CDS Volume Stood at US$213 Billion. 

August 20, 2012
EMTA Announces 2Q EM 2012 Debt Trading Stood at US$1.413 Trillion.

July 23, 2012
EMTA Announces 2Q 2012 EM CDS Volume Stood at US$218 Billion.

June 14, 2012
EMTA Announces 1Q EM 2012 Debt Trading Stood at US$1.582 Trillion. 

May 16, 2012
EMTA Announces 1Q 2012 EM CDS Volume Stood at US$235 Billion. 

March 2, 2012
EMTA Announces Annual Emerging Markets Debt Trading Stood at US$6.506 Trillion.

February 9, 2012
EMTA Announces 4Q 2011 EM CDS Volume Stood at US$234 Billion.

December 15, 2011
EMTA Announces 3Q 2011 Debt Trading Stood at US$1.760 Trillion. 

November 17, 2011
EMTA Announces 3Q 2011 EM CDS Volume Stood at US$274 Billion.

August 22, 2011
EMTA Announces 2Q 2011 Debt Trading Stood at US$1.704 Trillion. 

August 3, 2011
EMTA Announces 2Q 2011 EM CDS Volume Stood at US$240 Billion. 

June 17, 2011
EMTA Announces 1Q 2011 Debt Trading Stood at US$1.739 Trillion. 

May 23, 2011
EMTA Announces 1Q 2011 EM CDS Volume Stood at US$306 Billion. 

March 22, 2011
EMTA Announces Annual Emerging Markets Debt Trading Stood at US$6.765 Trillion.

March 1, 2011
EMTA Announces 4Q 2010 EM CDS Volume Stood at US$208 Billion.

January 12, 2011
EMTA Announces 3Q 2010 CDS Volume Stood at US$394 Billion (Revises 1Q 2010 and 2Q 2010 CDS Volumes).

December 8, 2010
EMTA Announces 3Q 2010 Debt Trading Stood at US$1.95 Trillion. 

August 12, 2010

EMTA Announces 2Q 2010 Debt Trading Stood at US$1.551 Trillion. 

August 10, 2010

EMTA Announces 2Q 2010 EM CDS Volume Stood at US$658 Billion. 

July 21, 2010

EMTA Announces 1Q 2010 EM CDS Volume Stood at US$487 Billion. 

July 13, 2010

EMTA Announces 2009 Annual EM CDS Volumes Stood at US$1.191 Trillion. 

May 20, 2010

EMTA Announces 1Q 2010 Debt Trading Stood at US$1.402 Trillion. 

March 8, 2010

EMTA Announces 2009 Annual Emerging Markets Debt Trading Stood at US$4.445 Trillion. 

December 15, 2009

EMTA Announces 3Q 2009 EM Debt Trading Stood at US$1.123 Trillion. 

August 25, 2009

EMTA Announces 2Q Debt Trading Stood at US$985 Billion. 

June 11, 2009

EMTA Announces 1Q Debt Trading Stood at US$915 Billion. 

February 25, 2009

EMTA Announces 2008 Annual Emerging Markets Debt Trading Stood at US$4.173 Trillion. 

November 25, 2008

EMTA Announces 3Q Debt Trading Stood at US$946 Billion. 

August 20, 2008

EMTA Announces 2Q Debt Trading Stood at US$1.218 Trillion. 

May 22, 2008

EMTA Announces 1Q 2008 Debt Trading Stood at US$1.228 Trillion. 

February 19, 2008

EMTA Announces 2007 Annual Emerging Markets Debt Trading Stood at US$6.489 Trillion. 

November 19, 2007

EMTA Announces 3Q 2007 Debt Trading Stood at US$1.680 Trillion. 

August 23, 2007

EMTA Announces 2Q 2007 Debt Trading Stood at US$1.754 Trillion. 

May 22, 2007

EMTA Announces 1Q 2007 Debt Trading Volume Stood at US$1.697 Trillion. 

February 20, 2007

EMTA Announces 2006 Annual Emerging Markets Debt Trading Rises to US$6.5 Trillion. 

November 21, 2006

EMTA Announces 3Q 2006 Debt Trading Volume Stood at US$1.599 Trillion. 

August 21, 2006

EMTA Announces 2Q 2006 Debt Trading Volume Stood at US$1.659 Trillion.  

May 25, 2006

EMTA Announces 1Q 2006 Debt Trading Volume Stood at US$1.631 Trillion. 

February 21, 2006

EMTA Announces 2005 Annual Emerging Markets Debt Trading Rises to US$5.485 Trillion. 

November 21, 2005

EMTA Announces 3Q 2005 Debt Trading Volume Stood at US$1.328 Trillion.  

August 22, 2005

EMTA Announces 2Q 2005 Debt Trading Volume Stood at US$1.363 Trillion. 

May 26, 2005

EMTA Announces 1Q 2005 Debt Trading Volume Stood at US$1.408 Trillion. 

February 28, 2005

EMTA Announces 2004 Annual Emerging Markets Debt Trading Rises to US$4.645 Trillion.  

November 29, 2004

EMTA Announces 3Q 2004 Debt Trading Volume Stood at US$1.342 Trillion. 

August 18, 2004

EMTA Announces 2Q 2004 Debt Trading Volume Stood at US$997 Billion. 

June 1, 2004

EMTA Announces 1Q 2004 Debt Trading Volume Stood at US$1.045 Trillion. 

May 12, 2004

EMTA Announces 2003 Annual Emerging Markets Credit Derivatives Stood at US$197 Billion.  

April 14, 2004

EMTA Announces 2003 Annual Emerging Markets NDF Trading Stood at US$1.021 Trillion.  

February 19, 2004

EMTA Announces 2003 Annual Emerging Markets Debt Trading Volume Stood at Nearly US$4 Trillion

November 21, 2003

Quarterly NDF and EM Credit Derivatives Surveys Suspended Pending Further Development. 

November 17, 2003

EMTA Announces 3Q 2003 Debt Trading Volume Stood at US$1.033 Trillion. 

August 18, 2003

EMTA Announces 2Q 2003 NDF Volumes at US$320 Billion; Credit Derivatives at US$49 Billion. 

August 14, 2003

EMTA Announces 2Q 2003 Debt Trading Volume Stood at US$1.086 Trillion.  

May 14, 2003

EMTA Announces 1Q 2003 Debt Trading Volume Stood at US$839 Billion; NDF Volume at US$174 Billion; EM Credit Derivatives Volume at US$23 Billion.  

February 10, 2003

EMTA Announces 2002 Annual EM Debt Trading Volume Stood at $3.068 Trillion.  

November 12, 2002

EMTA Announces 3Q 2002 Debt Trading Volume Stood at US$670 Billion.  

August 5, 2002

EMTA Announces 2Q 2002 Debt Trading Volume Stood at US$841 Billion.  

May 8, 2002

EMTA Announces First Quarter 2002 Debt Trading Volume Stood at US$789 Billion.  

February 11, 2002

EMTA Announces 2001 Annual EM Debt Trading Volume Stood at $3.5 Trillion. 

November 7, 2001

EMTA Announces 3Q 2001 Debt Trading Volume Stood at US$885 Billion.  

August 2, 2001

EMTA Announces 2Q 2001 Debt Trading Volume Stood at US$864 Billion.  

May 8, 2001

EMTA Announces First Quarter 2001 Debt Trading Volume at US$913 Billion.  

February 7, 2001

EMTA Announces 2000 Annual EM Debt Trading Volume Stood at $2.9 Trillion.  

November 13, 2000

EMTA Announces 3Q 2000 Debt Trading Volume Rises to US$712 Billion.  

August 14, 2000

EMTA Announces 2Q 2000 Debt Trading Volume at US$681 Billion.  

May 8, 2000

EMTA Announces First Quarter 2000 Volume Reaches US$749 Billion.