Open Markets is featuring a series of video interviews with CME Group product heads as they recall the events that shaped 2011, and look ahead to 2012.

Today, Laurent Paulhac, managing director of OTC products and services, gives us a look at big OTC growth in 2011, which set clearing volume records for four consecutive months to end the year, and surpassed $150 billion in total notional cleared. Laurent describes the factors leading to this growth, and explores the expansion of OTC interest rate swaps and OTC credit default swaps.