Global over-the-counter markets grew 20% in the first half
of 2003, compared to the second half of 2002, according to the
latest figures from Bank for International Settlements. The
total estimated notional amount of outstanding OTC contracts
stood at $169.7tr at the end of June 2003, up 20% on
BIS said gross market values in OTC derivatives also grew
significantly, rising by 24% to $7.9tr from the previous
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