1. Global Capital Market Size Market consists of stocks, bonds, derivatives. Bank loans not included. Bonds include all kinds of debt instruments. Derivative values are “notional.” Foreign exchange is huge—$3 trillion per trading day. Source for figures is BIS, September 2011.

2. World Bond Markets Total is US$99,689 ($86,120 billion in June 2008) International bonds: $28,796 billion ($24,033 billion) Domestic bonds: $69,913 billion ($60,795 billion) Money market: $980 billion ($1,292 billion)

3. International Bonds International bonds: $28,796 billion: Financial institutions: $21,079 billion Corporations: $3,985 billion Governments: $2,666 billion

4. Domestic Bonds Domestic bonds: $69,913 billion: Financial institutions: $21,820 billion ($6,272 billion <1 year) Corporations: $7,034 billion ($844 billion <1 year) Governments: $41,059 billion ($10,298 billion <1 year)

5. Derivatives Derivatives: $707,569 billion Based on: Foreign exchange: $64,699 billion Interest rate: $553,880 billion Equity: $6,842 billion

6. Derivatives-2 Commodities: $3,197 billion Credit-default: $32,409 billion Other: $46,543 billion Derivatives=futures, options, forwards and swaps. Doesn’t sum properly because of reporting methods at BIS.

7. Global Stock Market Cap $47,401 billion ($59,740 billion in 2008) (This figure from World Federation of Exchanges)

8. Capital Markets Total $854,659 billion (906,570 billion) Bonds are 11.7% (9.5%) Stocks are 5.5% (6.6%) Derivatives are 82.8% (75.4%) Foreign exchange derivatives=7.6%, bigger than stock markets