News & Insights

Catalyst has seen a sharp uptick in derivative trading activity through the first half of 2023, and it appears more than just Catalyst clients are increasing their trading activity. Since the end of 2019, total derivatives outstanding have increased from $13.2 billion to almost $34 billion as of March 31, 2023.

Subordinated debt usage has exploded over recent years. Since the end of 2017, total outstanding subordinated debt has increased from $223.5 million to over $3.6 billion.