TraditionData’s Overnight Indexed Swaps (OIS) Data service provides comprehensive market data for OIS, including alternative reference rates.

• Coverage includes spot and forward start OIS, OIS spreads, and central bank meeting dates.
• Serves a range of financial institutions for interest rate risk management and speculation.

For additional information, visit Overnight Indexed Swaps (OIS) Data.

Overnight Index Swaps Market Outlook

According to our latest research, the global Overnight Index Swaps (OIS) market size reached USD 1.42 trillion in 2024, demonstrating robust growth driven by increased demand for effective interest rate risk management and heightened market volatility. The market is projected to expand at a CAGR of 6.8% from 2025 to 2033, reaching a forecasted value of USD 2.76 trillion by 2033. Growth in the OIS market is primarily fueled by the rising integration of advanced trading technologies and a greater emphasis on hedging strategies among institutional investors. This research underscores the dynamic evolution of the OIS market, highlighting its critical role in global financial markets as participants seek efficient tools for interest rate exposure management and liquidity optimization.

A significant growth driver for the Overnight Index Swaps market is the increasing volatility in global interest rates, which has prompted banks, financial institutions, and corporates to adopt OIS as a preferred instrument for hedging short-term interest rate risks. The shift away from traditional benchmark rates such as LIBOR towards overnight risk-free rates (RFRs) has further accelerated the adoption of OIS, given their inherent alignment with these new benchmarks. This transition has been particularly pronounced in regions such as North America and Europe, where regulatory mandates and market reforms have necessitated the recalibration of derivative portfolios. As a result, market participants are leveraging OIS to manage exposure to overnight rates and to ensure compliance with evolving regulatory frameworks, thus driving sustained demand for these instruments.

Technological advancements have also played a pivotal role in the expansion of the OIS market. The proliferation of electronic trading platforms and algorithmic trading solutions has enhanced price discovery, transparency, and execution efficiency in OIS transactions. These innovations have lowered operational costs and minimized counterparty risks, making OIS more accessible to a broader range of market participants. Moreover, the integration of real-time analytics and risk management tools has empowered traders and risk managers to optimize their strategies, further boosting market liquidity and depth. The ongoing digital transformation of financial markets is expected to continue supporting the growth trajectory of the OIS market, as participants seek greater agility and resilience in managing interest rate exposures.

Another crucial factor contributing to OIS market growth is the increasing sophistication of risk management practices among institutional investors and corporates. As global financial markets become more interconnected and complex, the demand for tailored hedging solutions has surged. OIS, with their flexibility and alignment to overnight rates, have emerged as an essential component of modern risk management toolkits. Additionally, regulatory requirements such as central clearing for standardized derivatives and enhanced reporting obligations have incentivized the use of transparent and liquid instruments like OIS. These factors, combined with the ongoing shift towards sustainable finance and ESG integration, are expected to further propel the adoption of OIS in the coming years.

The transition from Interbank Offered Rates (IBOR) to alternative reference rates has been a significant shift in the financial markets, impacting a wide range of financial instruments, including Overnight Index Swaps (OIS). As the industry moves towards more transparent and reliable benchmarks, IBOR Transition Solutions have become essential for market participants. These solutions provide the necessary tools and frameworks to facilitate a smooth transition, ensuring that institutions can adapt their portfolios and risk management strategies effectively. By leveraging these solutions, financial entities can mitigate the risks associated with the transition, maintain compliance with regulatory requirements, and continue to optimize their interest rate exposures in a changing landscape.

From a regional perspective, North America and Europe currently dominate the OIS market, accounting for a significant share of global trading volumes. This dominance is attributed to the presence of

Overnight Index Swaps (OIS) Market Outlook

According to our latest research, the global Overnight Index Swaps (OIS) market size reached USD 1.42 trillion in 2024, with a robust year-on-year growth rate. The market is projected to expand at a CAGR of 6.8% from 2025 to 2033, reaching an estimated value of USD 2.76 trillion by 2033. This impressive growth trajectory is primarily driven by increasing demand for efficient interest rate risk management solutions, heightened market volatility, and the growing sophistication of financial instruments across global markets. As per our latest research, the OIS market is gaining significant traction due to its critical role in providing transparent and liquid benchmarks for pricing and risk management in the derivatives space.

The first major growth factor in the Overnight Index Swaps market is the rising need for robust risk management tools among financial institutions and corporate treasuries. In an environment marked by fluctuating interest rates and tightening monetary policies, organizations are increasingly turning to OIS contracts to hedge their exposure to overnight funding rates. These swaps offer a transparent and standardized method to manage short-term interest rate risks, which is especially valuable as central banks globally shift towards using overnight rates as benchmarks for monetary policy. The transition from traditional reference rates such as LIBOR to risk-free rates like SOFR, ESTR, and SONIA has further amplified the adoption of OIS, as these instruments are directly linked to the overnight indices, ensuring better alignment with evolving regulatory requirements and market practices.

Another significant driver fueling the OIS market growth is the surge in trading volumes and liquidity in the derivatives market. As market participants seek to optimize their funding costs and capitalize on arbitrage opportunities, OIS contracts have become a preferred choice due to their simplicity, low credit risk, and high degree of standardization. The increased participation of asset managers, hedge funds, and other non-bank financial institutions has contributed to deeper liquidity pools, tighter bid-ask spreads, and enhanced price discovery mechanisms. This, in turn, has attracted more participants, creating a virtuous cycle of liquidity and growth. Additionally, advancements in trading technology, electronic platforms, and clearing mechanisms have streamlined the execution and settlement of OIS transactions, further bolstering market expansion.

A third key growth factor is the evolving regulatory landscape, which has placed a premium on transparency, risk mitigation, and standardized practices in the derivatives market. Regulatory reforms such as the Dodd-Frank Act in the United States and the European Market Infrastructure Regulation (EMIR) in Europe have mandated central clearing and reporting of standardized derivatives contracts, including OIS. These measures have reduced counterparty risk, increased transparency, and fostered greater confidence among market participants. The ongoing shift towards central clearing and the adoption of standardized documentation, such as the ISDA Master Agreement, have made OIS contracts more accessible and attractive to a broader range of end-users, from banks and corporates to asset managers and pension funds.

From a regional perspective, North America and Europe continue to dominate the Overnight Index Swaps market, accounting for the largest share of global trading volumes. This dominance can be attributed to the presence of well-established financial markets, sophisticated regulatory frameworks, and the early adoption of risk-free rate benchmarks. Asia Pacific is rapidly emerging as a key growth region, driven by the liberalization of financial markets, increasing cross-border capital flows, and the adoption of international best practices in risk management. Latin America and the Middle East & Africa are also witnessing gradual growth, supported by financial sector reforms and increased participation from local and international players. The regional dynamics are expected to evolve further as global interest rate cycles diverge and market participants seek new opportunities for hedging and arbitrage.

Instrument Type Analysis

The Instrument Type segment in the Overnight Index Swaps market is primarily categorized into Fixed vs. Floating, Basis Swaps, and Cross-Currency OIS. Fixed vs. Floating

Graph and download economic data for Secured Overnight Financing Rate (SOFR) from 2018-04-03 to 2025-12-01 about financing, overnight, securities, rate, and USA.

TraditionData’s USD – SOFR service focuses on providing comprehensive data for the Secured Overnight Financing Rate, a critical benchmark for American financial markets.

• Offers datasets including USD OIS SOFR and various SOFR spreads.
• Utilizes repo order and transaction data for accurate market prediction.
• Essential for financial services professionals in risk management, compliance, and benchmarking.

For a complete overview, visit USD – SOFR.

Dividend Swaps Market Outlook

According to our latest research, the global Dividend Swaps market size reached USD 8.4 billion in 2024, driven by the increasing sophistication of institutional trading strategies and the growing demand for hedging tools in volatile equity markets. The market is forecasted to expand at a robust CAGR of 12.1% from 2025 to 2033, with the total market size projected to reach USD 23.1 billion by 2033. This remarkable growth trajectory is primarily attributed to heightened interest from hedge funds, asset managers, and banks seeking to optimize dividend exposure and manage risk more efficiently in the face of dynamic market conditions.

One of the primary growth factors for the dividend swaps market is the increasing utilization of these instruments for hedging and speculative purposes. Institutional investors and asset managers are leveraging dividend swaps to isolate and manage dividend risk, separate from the underlying equity price movements. This flexibility is especially valuable in periods of heightened volatility or regulatory changes affecting dividend policies. As companies adjust their payout strategies in response to macroeconomic shifts, the ability to trade pure dividend risk becomes a critical tool for sophisticated market participants. Furthermore, the ongoing evolution of risk management frameworks in the financial sector has fueled the adoption of more nuanced derivatives like dividend swaps, driving demand across global trading desks.

Another significant driver is the expansion of exchange-traded platforms and the increasing standardization of dividend swap contracts. Historically, dividend swaps were predominantly traded over-the-counter (OTC), which limited transparency and accessibility. However, the migration towards exchange-traded solutions has improved liquidity, reduced counterparty risk, and attracted a broader range of participants, including smaller institutional investors and even some high-net-worth individuals. This shift is further supported by regulatory reforms aimed at increasing transparency in derivatives markets, such as the European Market Infrastructure Regulation (EMIR) and Dodd-Frank in the United States. As a result, the dividend swaps market is witnessing enhanced price discovery and a reduction in operational complexities, making it a more attractive avenue for capital allocation.

The market is also benefiting from the diversification of product offerings, with the introduction of custom and index-based dividend swaps alongside traditional single-stock contracts. This product innovation allows market participants to tailor their exposure according to specific investment objectives, whether it be targeting a particular sector, geographic region, or a basket of equities. The growing sophistication of quantitative trading strategies has further catalyzed demand for customized dividend swap structures, enabling investors to express complex views on dividend dynamics and corporate actions. This trend is expected to accelerate as technology platforms and analytics tools continue to evolve, lowering barriers to entry and facilitating more granular risk management.

Overnight Index Swaps (OIS) have emerged as a crucial tool in the derivatives market, providing a mechanism for managing interest rate exposure over short periods. Unlike traditional interest rate swaps, OIS are based on overnight rates, such as the Federal Funds Rate or the Euro Overnight Index Average (EONIA), making them particularly sensitive to central bank policy changes. This sensitivity allows market participants to hedge against short-term interest rate fluctuations with greater precision. The growing use of OIS reflects a broader trend towards more sophisticated risk management strategies, as investors seek to navigate the complexities of global financial markets. As the dividend swaps market continues to evolve, the integration of OIS into broader trading strategies is likely to enhance liquidity and risk management capabilities, supporting the overall growth and resilience of the derivatives landscape.

From a regional perspective, Europe remains the dominant market for dividend swaps, accounting for the largest share of trading volumes due to the maturity of its equity derivatives infrastructure and a robust institutional investor base. However, North America and the Asia Pacific region

The global Oncology Information System (OIS) market is projected to reach a valuation of USD 5.8 billion by 2033, growing at a compound annual growth rate (CAGR) of 8.5% from 2025 to 2033.