[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-1-en-105":3,"doc-seo-565426-105":53,"doc-detail-565426-en":126},{"code":4,"msg":5,"data":6},0,"success",[7,14,19,24,29,34,39,44,49],{"id":8,"doc_module":9,"doc_module_name":10,"category_name":11,"show_sort_weight":12,"slug":13},11,1,"Template","Presentations",90,"presentations",{"id":15,"doc_module":9,"doc_module_name":10,"category_name":16,"show_sort_weight":17,"slug":18},12,"Resumes",80,"resumes",{"id":20,"doc_module":9,"doc_module_name":10,"category_name":21,"show_sort_weight":22,"slug":23},14,"Invoices",70,"invoices",{"id":25,"doc_module":9,"doc_module_name":10,"category_name":26,"show_sort_weight":27,"slug":28},15,"Posters",60,"posters",{"id":30,"doc_module":9,"doc_module_name":10,"category_name":31,"show_sort_weight":32,"slug":33},16,"Social Media",50,"social-media",{"id":35,"doc_module":9,"doc_module_name":10,"category_name":36,"show_sort_weight":37,"slug":38},17,"Forms",40,"forms",{"id":40,"doc_module":9,"doc_module_name":10,"category_name":41,"show_sort_weight":42,"slug":43},18,"Letters",30,"letters",{"id":45,"doc_module":9,"doc_module_name":10,"category_name":46,"show_sort_weight":47,"slug":48},21,"Paper Templates",5,"papers-templates",{"id":50,"doc_module":9,"doc_module_name":10,"category_name":51,"show_sort_weight":4,"slug":52},158,"General","general-158",{"code":4,"msg":54,"data":55},"ok",{"site_id":56,"language":57,"slug":58,"title":59,"keywords":60,"description":61,"schema_data":62,"social_meta":119,"head_meta":121,"extra_data":123,"updated_unix":125},105,"en","the-size-of-global-markets-2024-in-charts","The size of global markets 2024 in charts","","Global markets exceeded $1 quadrillion in 2023, reflecting +10% YoY growth by end-2023. Market expansion was concentrated across fixed income and equity capital markets, while money markets contracted as CP issuance shrank amid higher borrowing costs. Volatility rose to 8.3% in 2023 (about +3% since 2018), driven mainly by rates and FX segments. Detailed breakdowns cover rates, credit, corporate bonds, asset-linked notes, loans, FX/MM, equities, commodities, alternatives, and the exclusion of digital assets due to elevated volatility.",{"@graph":63,"@context":118},[64,80,101],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":11,"@type":70,"position":76},"https://docshare.wps.com/template/presentations/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/the-size-of-global-markets-2024-in-charts/565426/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/the-size-of-global-markets-2024-in-charts/565426.png","ImageObject",442,249,{"name":88,"@type":89},"Pentious","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-10-22","2026-10-13",true,{"@type":98,"interactionType":99,"userInteractionCount":47},"InteractionCounter",{"@type":100},"ViewAction",{"@type":102,"mainEntity":103},"FAQPage",[104,110,114],{"name":105,"@type":106,"acceptedAnswer":107},"How large were global markets in 2023 and what drove growth into 2024?","Question",{"text":108,"@type":109},"Global markets exceeded $1 quadrillion in 2023, with overall market size up +10% YoY by end-2023. Growth was supported by larger outstanding notional in IR derivatives and appreciation in cash equities.","Answer",{"name":111,"@type":106,"acceptedAnswer":112},"Why did money markets contract in 2023?",{"text":113,"@type":109},"Money markets contracted as CP issuance declined, which reduced money-market notional due to high borrowing costs. At the same time, equities grew strongly on investor optimism in 2023.",{"name":115,"@type":106,"acceptedAnswer":116},"What changed in volatility from 2018 to 2023 and what segments led it?",{"text":117,"@type":109},"Consolidated market volatility rose to 8.3% in 2023, about +3% since 2018. The increase was primarily driven by the rates and FX segments.","https://schema.org",{"og:url":78,"og:type":120,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":122,"canonical":78},"index,follow",{"doc_id":124,"site_id":56},565426,1792244978,{"code":4,"msg":5,"data":127},{"doc_id":124,"user_id":128,"nickname":88,"user_avatar":129,"doc_module":9,"category_id":8,"category_name":11,"doc_title":59,"doc_description":61,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":47,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":135,"language":136,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":137,"faqs":138,"seo_title":139,"seo_description":61,"update_tm":140,"read_time":141},1374404730887,"https://ap-avatar.wpscdn.com/davatar_6f874abed73319feea01a86fa6f0fab8","Analytics Strategy  \nThe size of global  \nmarkets 2024 in charts  \nMarket dynamics | Asset class shifts | Insights  \nby Leonid Sopotnitskiy 2024  \nContent  \nGlobal markets  \n Notional size 3  Size dynamics 4  Volatility 5  \nFixed income  \n Rates 6  Credit 7  Corporate bonds 8  Asset-linked notes 9  Credit derivatives 10  Loans 11  Structured finance 12  \nFX/MM  \n Foreign exchange 13  Money market 14  \nEquity capital markets  \n Cash equities 15  ETFs 16  Equity derivatives 17  Hybrids 18 Commodities 19 Alternatives 20 Digital assets 21  \n2 The size of global markets 2024 in charts  \nGlobal markets: Notional Size  \nGlobal markets exceeded $1 quadrillion in 2023.  \nThe overall market size demonstrated +10% growth YoY by end of 2023, driven by larger outstanding notional in IR derivatives and appreciation in cash equities.  \nGlobal market size 2023 EOY  \nnotional outstanding, trillions $  \n¢ Equity capital markets  \n¢ FX/MM  \n¢ Fixed income  \n¢ Commodities  \n¢ Other  \nCommodities  \n3.7 ~~ ~~  \nDigital assets    \n1.8  \nAlternatives  \n14  \nCredit  \n81  \nRates  \n687  \nEquities  \n175  \nFX  \n118  \nMM  \n9  \nSource: LSEG  \n1,088  \ntrillion $  \n3 The size of global markets 2024 in charts  \nGlobal markets: Size Dynamics  \nMoney markets contracted while equities grew.  \nShrinking CP issuance led to a decline in money markets notional due to high borrowing costs, whereas equities had one of the biggest years supported by investor optimism in 2023.  \nAsset class notional dynamics 1  \n% change, YoY  \nIn 2023, equities have recovered after taking a hit amid the macro turmoil a year earlier. Both investor appetite for higher returns amid CP issuance shortage and optimism regarding tech stocks flipped the performance chart sending money markets into a decline.  \nSource: LSEG  \n1 Digital assets are excluded from the diagram due to significant volatility.  \n4 The size of global markets 2024 in charts  \nGlobal markets: Volatility  \nGlobal markets have become more volatile.  \nThe consolidated market volatility in 2023 has increased by ~3% since 2018 reaching 8.3% . This uptick has been driven primarily by rates and FX segments.  \nVolatility dynamics  \nlogarithmic scale,%  \n2018 2023 2018 2023 2018 2023  \nMM FX Rates  \n2018 2023  \nCredit  \n2018 2023  \nEquities  \n2018 2023  \nCommodities  \n2018 2023  \nAlternatives  \n2018 2023  \nDigital  \n+3.2%  \nGlobal market  \nSource: LSEG  \n5 The size of global markets 2024 in charts  \nFixed Income: Rates  \nGlobal rates market grew 7.7% YoY reaching 687 $tn .  \nAs sovereign bonds started recovery after a decline in 2022, the increase in notional of inflationlinked bonds and derivatives outpaced the growth in other products reaching a 5Y CAGR of +11 .6% and +18 .4% respectively.  \nRates market dynamics  \nnotional outstanding, trillions $  \n Sovereign ILBs  \n Sovereign Bonds*  \n54 57 71 73 68 70  \n52~~ ~~2~~ ~~55~~ ~~2~~ 69 ~~2~~ 70 3 65 3 67 3 ~~  \n\n|  Exchange-traded IRD | 94\u003Cbr>| 95\u003Cbr>| 65\u003Cbr>| 80\u003Cbr>| 79\u003Cbr>| 87\u003Cbr>|\n| --- | --- | --- | --- | --- | --- | --- |\n|  Inflation-linked OTC IRD  OTC IRD* | 437\u003Cbr>\u003Cbr>5 | 449  6 \u003Cbr>| 466  8 \u003Cbr>| 475\u003Cbr> 9 \u003Cbr>| 491   11 \u003Cbr>| 530  13\u003Cbr>\u003Cbr>|\n|  | 431 | 443 | 459 | 466 | 480 | 517 |\n|  | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |\n\nSource: LSEG, BIS, IMF, Euroclear, Dealogic, SwapClear * Instruments not linked to inflation.  \n5Y CAGR,%  \n+11.6  \n+5.2  \n-1.7  \n+18.4 +3.7  \n5.2  \n6 The size of global markets 2024 in charts  \nFixed Income: Credit  \nCredit markets have tripled in size since 2018.  \nDespite the issuance slowdown in securitization issuance, the growth in credit markets was +5 .7% YoY in 2023 driven by corporate bonds and syndicated loan segments.  \nCredit market dynamics  \nnotional outstanding, trillions $  \n81  \n\n| 3 |\n| --- |\n| 3 |\n\n8  \n\n| Corporate Bonds\u003Cbr>39 | Credit Derivatives\u003Cbr>18 |\n| --- | --- |\n|  | Structured Finance\u003Cbr>14 |\n|  | Syndicated Loans\u003Cbr>9 |\n\n12  \n3.0x  \n2018 2023  \nSource: LSEG, BIS, Dealogic, Euroclear  \n7 The size of global markets 202","cbCaifVgMA1bBB0i","https://ap.wps.com/l/cbCaifVgMA1bBB0i","pdf",6477309,22,"English","# Global markets\n## Global markets: Notional Size\n## Global markets: Size Dynamics\n## Global markets: Volatility\n# Fixed income\n## Rates\n## Credit\n## Asset-linked corporate bonds\n## Loans","[{\"question\":\"How large were global markets in 2023 and what drove growth into 2024?\",\"answer\":\"Global markets exceeded $1 quadrillion in 2023, with overall market size up +10% YoY by end-2023. Growth was supported by larger outstanding notional in IR derivatives and appreciation in cash equities.\"},{\"question\":\"Why did money markets contract in 2023?\",\"answer\":\"Money markets contracted as CP issuance declined, which reduced money-market notional due to high borrowing costs. At the same time, equities grew strongly on investor optimism in 2023.\"},{\"question\":\"What changed in volatility from 2018 to 2023 and what segments led it?\",\"answer\":\"Consolidated market volatility rose to 8.3% in 2023, about +3% since 2018. The increase was primarily driven by the rates and FX segments.\"}]","The size of global markets 2024 in charts | PDF",1791853499,8]