Interest Rate Derivatives

2018 YTD vs. 2017 YTD

  • Total IRD traded notional and trade count increased by 21% and 14%, respectively
    • Fixed-for-floating IRS traded notional and trade count increased by 24% and 15%, respectively
    • FRAs traded notional and trade count increased by 23% and 14%, respectively
    • OIS traded notional and trade count increased by 5% and 13%, respectively
  • 88% of total traded notional was cleared, flat compared with last year
  • 57% of total traded notional was executed On SEF vs. 55% last year

2018 Current Week vs. 2017 Current Week

  • Total IRD traded notional and trade count increased by 38% and 22%, respectively
    • Fixed-for-floating IRS traded notional and trade count increased by 29% and 27%, respectively
    • FRAs traded notional and trade count increased by 78% and 16%, respectively
    • OIS traded notional and trade count increased by 1% and 5%, respectively
  • 87% of total traded notional was cleared vs. 85% last year
  • 61% of total traded notional was executed On SEF vs. 48% last year

Interest Rate Derivatives: Benchmark Data 

Week Ending October 5, 2018

  • SOFR basis swaps traded notional and trade count was $0.2 billion and 4, respectively
  • SONIA traded notional totaled $69.4 billion, including $0.6 billion of basis swaps. Trade count totaled 133, including 9 basis swaps
  • SARON traded notional and trade count was $0.5 billion and 1, respectively
  • TONA traded notional and trade count was $0.1 billion and 3, respectively

YTD Ending October 5, 2018

  • SOFR traded notional totaled $1.8 billion, including $1.6 billion of basis swaps. Trade count totaled 19, including 16 basis swaps
  • SONIA traded notional was $6 trillion, including $79.5 billion of basis swaps. Trade count totaled 5,563, including 570 basis swaps
  • SARON traded notional and trade count was $1.8 billion and 11, respectively
  • TONA traded notional totaled $63.2 billion, including $1.2 billion of basis swaps. Trade count totaled 215, including 4 basis swaps

Credit Derivatives 

2018 YTD vs. 2017 YTD

  • Total credit derivatives traded notional and trade count increased by 29% and 19%, respectively
    • CDX HY traded notional and trade count increased by 35% and 16%, respectively
    • CDX IG traded notional and trade count increased by 35% and 24%, respectively
    • iTraxx Europe traded notional and trade count increased by 32% and 27%, respectively
  • 83% of total traded notional was cleared vs. 80% last year
  • 79% of total traded notional was executed On SEF vs. 75% last year

2018 Current Week vs. 2017 Current Week

  • Total credit derivatives traded notional and trade count increased by 27% and 35%, respectively
    • CDX HY traded notional and trade count increased by 79% and 45%, respectively
    • CDX IG traded notional and trade count increased by 10% and 11%, respectively
    • iTraxx Europe traded notional and trade count increased by 31% and 46%, respectively
  • 85% of total traded notional was cleared vs. 82% last year
  • 81% of total traded notional was executed On SEF vs. 77% last year

Interest Rate Derivatives

2018 YTD vs. 2017 YTD

  • Total IRD traded notional and trade count increased by 20% and 14%, respectively
    • Fixed-for-floating IRS traded notional and trade count increased by 24% and 14%, respectively
    • FRAs traded notional and trade count increased by 22% and 14%, respectively
    • OIS traded notional and trade count increased by 6% and 14%, respectively
  • 88% of total traded notional was cleared, flat compared with last year
  • 57% of total traded notional was executed On SEF vs. 55% last year

2018 Current Week vs. 2017 Current Week

  • Total IRD traded notional increased by 14%, while trade count decreased by 0.4%
    • Fixed-for-floating IRS traded notional and trade count increased by 14% and 5%, respectively
    • FRAs traded notional and trade count decreased by 0.4% and 29%, respectively
    • OIS traded notional and trade count increased by 30% and 5%, respectively
  • 90% of total traded notional was cleared vs. 88% last year
  • 53% of total traded notional was executed On SEF vs. 57% last year

Interest Rate Derivatives: Benchmark Data 

Week Ending September 28, 2018

  • SOFR traded notional and trade count was $0.1 billion and 1, respectively
  • SONIA traded notional totaled $96.0 billion, including $5.1 billion of basis swaps. Trade count totaled 175, including 19 basis swaps
  • SARON traded notional and trade count was $0.1 billion and 1, respectively
  • TONA traded notional and trade count was $0.2 billion and 3, respectively

YTD Ending September 28, 2018

  • SOFR traded notional totaled $1.6 billion, including $1.4 billion of basis swaps. Trade count totaled 15, including 12 basis swaps
  • SONIA traded notional was $5,879 billion, including $78.9 billion of basis swaps. Trade count totaled 5,430, including 561 basis swaps
  • SARON traded notional and trade count was $1.3 billion and 10, respectively
  • TONA traded notional totaled $63.1 billion, including $1.2 billion of basis swaps. Trade count totaled 212, including 4 basis swaps

Credit Derivatives 

2018 YTD vs. 2017 YTD

  • Total credit derivatives traded notional and trade count increased by 29% and 18%, respectively
    • CDX HY traded notional and trade count increased by 33% and 15%, respectively
    • CDX IG traded notional and trade count increased by 36% and 24%, respectively
    • iTraxx Europe traded notional and trade count increased by 32% and 27%, respectively
  • 83% of total traded notional was cleared vs. 80% last year
  • 79% of total traded notional was executed On SEF vs. 75% last year

2018 Current Week vs. 2017 Current Week

  • Total credit derivatives traded notional and trade count increased by 9% and 6%, respectively
    • CDX HY traded notional and trade count decreased by 12% and 16%, respectively
    • CDX IG traded notional and trade count increased by 20% and 14%, respectively
    • iTraxx Europe  traded notional and trade count increased by 35% and 44%, respectively
  • 87% of total traded notional was cleared vs. 84% last year
  • 84% of total traded notional was executed On SEF vs.80% last year

Dear Readers, 

Starting this September, we are tracking trade volumes for major IBORs and risk-free rates (RFRs), including SOFR, SONIA, SARON and TONA. Please see benchmark data below. This data covers only trades reported to DTCC and Bloomberg SDRs, which are required to be disclosed under US regulatory guidelines. 

Interest Rate Derivatives

2018 YTD vs. 2017 YTD

  • Total IRD traded notional and trade count increased by 20% and 14%, respectively
    • Fixed-for-floating IRS traded notional and trade count increased by 25% and 15%, respectively
    • FRAs traded notional and trade count increased by 22% and 15%, respectively
    • OIS traded notional and trade count increased by 5% and 14%, respectively
  • 88% of total traded notional was cleared, flat compared with last year
  • 57% of total traded notional was executed On SEF vs. 55% last year

2018 Current Week vs. 2017 Current Week

  • Total IRD traded notional and trade count increased by 27% and 17%, respectively
    • Fixed-for-floating IRS traded notional and trade count increased by 21% and 4%, respectively
    • FRAs traded notional and trade count increased by 70% and 86%, respectively
    • OIS traded notional decreased by 6%, while trade count increased by 13%
  • 89% of total traded notional was cleared, flat compared with last year
  • 60% of total traded notional was executed On SEF vs. 49% last year

Interest Rate Derivatives: Benchmark Data 

Week Ending September 21, 2018

  • SONIA traded notional totaled $163.4 billion, including $2.1 billion of basis swaps. Trade count totaled 179, including 18 basis swaps
  • TONA traded notional and trade count was $0.9 billion and 3, respectively
  • There were no SOFR and SARON trades

YTD Ending September 21, 2018

  • SOFR traded notional totaled $1.5 billion, including $1.4 billion of basis swaps. Trade count totaled 14, including 12 basis swaps
  • SONIA traded notional was $5.8 trillion, including  $74.1 billion of basis swaps. Trade count totaled 5,255, including 542 basis swaps
  • SARON traded notional and trade count was $1.2 billion and 9, respectively
  • TONA traded notional totaled $63.1 billion, including $1.2 billion of basis swaps. Trade count totaled 209, including 4 basis swaps

Credit Derivatives 

2018 YTD vs. 2017 YTD

  • Total credit derivatives traded notional and trade count increased by 30% and 19%, respectively
    • CDX HY traded notional and trade count increased by 38% and 16%, respectively
    • CDX IG traded notional and trade count increased by 37% and 25%, respectively
    • iTraxx Europe traded notional and trade count increased by 31% and 26%, respectively
  • 83% of total traded notional was cleared vs. 80% last year
  • 79% of total traded notional was executed On SEF vs. 74% last year

2018 Current Week vs. 2017 Current Week

  • Total credit derivatives traded notional and trade count decreased by 14% and 13%, respectively
    • CDX HY traded notional increased by 10%, while trade count decreased by 9%
    • CDX IG traded notional and trade count decreased by 16% and 19%, respectively
    • iTraxx Europe  traded notional and trade count decreased by 11% and 4%, respectively
  • 84% of total traded notional was cleared vs. 83% last year
  • 80% of total traded notional was executed On SEF vs. 75% last year

Dear Readers, 

Starting this September, we are tracking trade volumes for major IBORs and risk-free rates (RFRs), including SOFR, SONIA, SARON and TONA. Please see benchmark data below. This data covers only trades reported to DTCC and Bloomberg SDRs, which are required to be disclosed under US regulatory guidelines. 

Interest Rate Derivatives

2018 YTD vs. 2017 YTD

  • Total IRD traded notional and trade count increased by 20% and 14%, respectively
    • Fixed-for-floating IRS traded notional and trade count increased by 25% and 15%, respectively 
    • FRAs traded notional and trade count increased by 21% and 14%, respectively 
    • OIS traded notional and trade count increased by 5% and 14%, respectively 
  • 88% of total traded notional was cleared, flat compared with last year 
  • 57% of total traded notional was executed On SEF vs. 55% last year

2018 Current Week vs. 2017 Current Week

  • Total IRD traded notional and trade count decreased by 13% and 3%, respectively 
    • Fixed-for-floating IRS traded notional and trade count increased by 21% and 5%, respectively 
    • FRAs traded notional and trade count decreased by 36% and 39%, respectively  
    • OIS traded notional and trade count decreased by 20% and 8%, respectively
  • 85% of total traded notional was cleared vs. 89% last year  
  • 54% of total traded notional was executed On SEF vs. 56% last year

 

Interest Rate Derivatives: Benchmark Data 

Week Ending September 14, 2018

  • SONIA traded notional totaled $66.7 billion, including $1.3 billion of basis swaps. Trade count totaled 150, including 11 basis swaps
  • TONA traded notional and trade count was $2.9 billion and 5, respectively
  • There were no SOFR and SARON trades

YTD Ending September 14, 2018

  • SOFR traded notional totaled $1.5 billion, including $1.4 billion of basis swaps. Trade count totaled 14, including 12 basis swaps
  • SONIA traded notional was $5.6 trillion, including  $72.0 billion of basis swaps. Trade count totaled 5,076, including 524 basis swaps
  • SARON traded notional and trade count was $1.2 billion and 9, respectively
  • TONA traded notional totaled $62.2 billion, including $1.2 billion of basis swaps. Trade count totaled 206, including 4 basis swaps

 

Credit Derivatives 

2018 YTD vs. 2017 YTD

  • Total credit derivatives traded notional and trade count increased by 33% and 20%, respectively
    • CDX HY traded notional and trade count increased by 38% and 17%, respectively
    • CDX IG traded notional and trade count increased by 41% and 27%, respectively
    • iTraxx Europe traded notional and trade count increased by 34% and 27%, respectively 
  • 83% of total traded notional was cleared vs. 79% last year
  • 79% of total traded notional was executed On SEF vs. 74% last year

2018 Current Week vs. 2017 Current Week

  • Total credit derivatives traded notional and trade count increased by 4% and 14%, respectively 
    • CDX HY traded notional and trade count decreased by 15% and 14%, respectively
    • CDX IG traded notional and trade count decreased by 11% and 4%, respectively
    • iTraxx Europe  traded notional and trade count increased by 16% and 47%, respectively
  • 76% of total traded notional was cleared vs. 81% last year
  • 73% of total traded notional was executed On SEF vs. 77% last year

 

 

Dear Readers, 

Starting this September, we are tracking trade volumes for major IBORs and risk-free rates (RFRs), including SOFR, SONIA, SARON and TONA. Please see benchmark data below. This data covers only trades reported to DTCC and Bloomberg SDRs, which are required to be disclosed under US regulatory guidelines. 

Interest Rate Derivatives

2018 YTD vs. 2017 YTD

  • Total IRD traded notional and trade count increased by 22% and 15%, respectively
    • Fixed-for-floating IRS traded notional and trade count increased by 25% and 15%, respectively
    • FRAs traded notional and trade count increased by 24% and 16%, respectively
    • OIS traded notional and trade count increased by 6% and 15%, respectively
  • 88% of total traded notional was cleared, flat compared with last year
  • 57% of total traded notional was executed On SEF vs. 55% last year

2018 Current Week vs. 2017 Current Week

  • Total IRD traded notional decreased by 15%, while trade count increased by 1%
    • Fixed-for-floating IRS traded notional and trade count increased by 14% and 1%, respectively
    • FRAs traded notional decreased by 15%, while trade count increased by 6%
    • OIS traded notional decreased by 43%, while trade count increased 1%
  • 87% of total traded notional was cleared vs. 88% last year
  • 57% of total traded notional was executed On SEF vs. 52% last year

Interest Rate Derivatives: Benchmark Data 

Week Ending September 7, 2018

  • SONIA traded notional totaled $64.7 billion, including $4.1 billion of basis swaps. Trade count totaled 165, including 29 basis swaps
  • TONA traded notional and trade count was $1.8 billion and 8, respectively
  • There were no SOFR and SARON trades

YTD Ending September 7, 2018

  • SOFR traded notional totaled $1.5 billion, including $1.4 billion of basis swaps. Trade count totaled 14, including 12 basis swaps
  • SONIA traded notional was $5.6 trillion, including  $70.6 billion of basis swaps. Trade count totaled 4,926, including 513 basis swaps
  • SARON traded notional and trade count was $1.2 billion and 9, respectively
  • TONA traded notional totaled $59.3 billion, including $1.2 billion of basis swaps. Trade count totaled 201, including 4 basis swaps

Credit Derivatives 

2018 YTD vs. 2017 YTD

  • Total credit derivatives traded notional and trade count increased by 34% and 20%, respectively
    • CDX HY traded notional and trade count increased by 40% and 18%, respectively
    • CDX IG traded notional and trade count increased by 43% and 28%, respectively
    • iTraxx Europe traded notional and trade count increased by 35% and 27%, respectively
  • 83% of total traded notional was cleared vs. 79% last year
  • 79% of total traded notional was executed On SEF vs. 74% last year

2018 Current Week vs. 2017 Current Week

  • Total credit derivatives traded notional and trade count increased by 9% and 10%, respectively
    • CDX HY traded notional and trade count decreased by 26% and 23%, respectively
    • CDX IG traded notional and trade count decreased by 10% and 3%, respectively
    • iTraxx Europe  traded notional and trade count increased by 41% and 50%, respectively
  • 82% of total traded notional was cleared vs. 84% last year
  • 78% of total traded notional was executed On SEF vs. 80% last year

 

Dear Readers, 

Starting this September, we are tracking trade volumes for major IBORs and risk-free rates (RFRs), including SOFR, SONIA, SARON and TONA. Please see benchmark data below. This data covers only trades reported to DTCC and Bloomberg SDRs, which are required to be disclosed under US regulatory guidelines. 

Interest Rate Derivatives

2018 YTD vs. 2017 YTD

  • Total IRD traded notional and trade count increased by 23% and 15%, respectively
    • Fixed-for-floating IRS traded notional and trade count increased by 25% and 16%, respectively 
    • FRAs traded notional and trade count increased by 26% and 16%, respectively 
    • OIS traded notional and trade count increased by 8% and 15%, respectively 
  • 88% of total traded notional was cleared, flat compared with last year 
  • 57% of total traded notional was executed On SEF vs. 55% last year

2018 Current Week vs. 2017 Current Week

  • Total IRD traded notional and trade count increased by 29% and 16%, respectively 
    • Fixed-for-floating IRS traded notional and trade count increased by 20% and 16%, respectively 
    • FRAs traded notional and trade count increased by 30% and 17%, respectively 
    • OIS traded notional and trade count increased by 44% and 8%, respectively 
  • 85% of total traded notional was cleared, flat compared with last year 
  • 52% of total traded notional was executed On SEF vs. 56% last year

Interest Rate Derivatives: Benchmark Data 

Week Ending August 31, 2018

  • SONIA traded notional totaled $143.2 billion, including $0.9 billion of basis swaps. Trade count totaled 121, including 8 basis swaps
  • TONA traded notional and trade count was $0.4 billion and 5, respectively
  • There were no SOFR and SARON trades

YTD Ending August 31, 2018

  • SOFR traded notional totaled $1.5 billion, including $1.4 billion of basis swaps. Trade count totaled 14, including 12 basis swaps
  • SONIA traded notional was $5.5 trillion, including  $66.5 billion of basis swaps. Trade count totaled 4,761, including 484 basis swaps
  • SARON traded notional and trade count was $1.2 billion and 9, respectively
  • TONA traded notional totaled $57.5 billion, including $1.2 billion of basis swaps. Trade count totaled 193, including 4 basis swaps

Credit Derivatives 

2018 YTD vs. 2017 YTD

  • Total credit derivatives traded notional and trade count increased by 34% and 21%, respectively
    • CDX HY traded notional and trade count increased by 42% and 19%, respectively
    • CDX IG traded notional and trade count increased by 44% and 29%, respectively
    • iTraxx Europe traded notional and trade count increased by 35% and 27%, respectively 
  • 83% of total traded notional was cleared vs. 79% last year
  • 79% of total traded notional was executed On SEF vs. 74% last year

2018 Current Week vs. 2017 Current Week

  • Total credit derivatives traded notional decreased by 6%, while trade count increased by 1%, respectively 
    • CDX HY traded notional and trade count decreased by 9% and 12%, respectively
    • CDX IG traded notional and trade count decreased by 28% and 17%, respectively
    • iTraxx Europe  traded notional and trade count increased by 5% and 20%, respectively
  • 78% of total traded notional was cleared vs. 83% last year
  • 75% of total traded notional was executed On SEF vs. 80% last year

 

Interest Rate Derivatives 

2018 YTD vs. 2017 YTD

  • Total IRD traded notional and trade count increased by 23% and 15%, respectively
    • Fixed-for-floating IRS traded notional and trade count increased by 25% and 16%, respectively
    • FRAs traded notional and trade count increased by 26% and 16%, respectively
    • OIS traded notional and trade count increased by 8% and 15%, respectively
  • 88% of total traded notional was cleared, flat compared with last year
  • 57% of total traded notional was executed On SEF vs. 55% last year

2018 Current Week vs. 2017 Current Week

  • Total IRD traded notional and trade count increased by 26% and 7%, respectively
    • Fixed-for-floating IRS traded notional and trade count increased by 2% and 1%, respectively
    • FRAs traded notional and trade count increased by 47% and 42%, respectively
    • OIS traded notional and trade count increased by 33% and 32%, respectively
  • 89% of total traded notional was cleared vs 86% last year
  • 64% of total traded notional was executed On SEF vs. 54% last year

 

Credit Derivatives 

2018 YTD vs. 2017 YTD

  • Total credit derivatives traded notional and trade count increased by 35% and 21%, respectively
    • CDX HY traded notional and trade count increased by 43% and 19%, respectively
    • CDX IG traded notional and trade count increased by 46% and 30%, respectively
    • iTraxx Europe traded notional and trade count increased by 35% and 27%, respectively
  • 83% of total traded notional was cleared vs. 79% last year
  • 79% of total traded notional was executed On SEF vs. 74% last year

2018 Current Week vs. 2017 Current Week

  • Total credit derivatives traded notional and trade count decreased by 20% and 13%, respectively
    • CDX HY traded notional and trade count both decreased by 34%
    • CDX IG traded notional and trade count decreased by 27% and 30%, respectively
    • iTraxx Europe traded notional and trade count increased by 10% and 36%, respectively
  • 81% of total traded notional was cleared vs. 80% last year
  • 78% of total traded notional was executed On SEF vs. 72% last year

Interest Rate Derivatives 

2018 YTD vs. 2017 YTD

  • Total IRD traded notional and trade count increased by 23% and 15%, respectively
    • Fixed-for-floating IRS traded notional and trade count increased by 26% and 16%, respectively
    • FRAs traded notional and trade count increased by 25% and 16%, respectively
    • OIS traded notional and trade count increased by 7% and 16%, respectively
  • 88% of total traded notional was cleared, flat compared with last year
  • 57% of total traded notional was executed On SEF vs. 55% last year

2018 Current Week vs. 2017 Current Week

  • Total IRD traded notional and trade count increased by 43% and 15%, respectively
    • Fixed-for-floating IRS traded notional and trade count increased by 15% and 13%, respectively
    • FRAs traded notional and trade count increased by 77% and 40%, respectively
    • OIS traded notional and trade count increased by 54% and 34%, respectively
  • 90% of total traded notional was cleared vs 85% last year
  • 61% of total traded notional was executed On SEF vs. 53% last year

Credit Derivatives 

2018 YTD vs. 2017 YTD

  • Total credit derivatives traded notional and trade count increased by 37% and 22%, respectively
    • CDX HY traded notional and trade count increased by 45% and 21%, respectively
    • CDX IG traded notional and trade count increased by 48% and 32%, respectively
    • iTraxx Europe traded notional and trade count increased by 36% and 26%, respectively
  • 83% of total traded notional was cleared vs. 79% last year
  • 79% of total traded notional was executed On SEF vs. 74% last year

2018 Current Week vs. 2017 Current Week

  • Total credit derivatives traded notional and trade count increased by 6% and 13%, respectively
    • CDX HY traded notional and trade count decreased by 20% and 26%, respectively
    • CDX IG traded notional and trade count decreased by 24% and 18%, respectively
    • iTraxx Europe traded notional and trade count increased by 59% and 78%, respectively
  • 80% of total traded notional was cleared vs. 82% last year
  • 75% of total traded notional was executed On SEF last year

 

Interest Rate Derivatives 

2018 YTD vs. 2017 YTD

  • Total IRD traded notional and trade count increased by 22% and 15%, respectively
    • Fixed-for-floating IRS traded notional and trade count increased by 27% and 16%, respectively
    • FRAs traded notional and trade count increased by 24% and 15%, respectively
    • OIS traded notional and trade count increased by 6% and 16%, respectively
  • 88% of total traded notional was cleared, flat compared with last year
  • 57% of total traded notional was executed On SEF vs. 55% last year

2018 Current Week vs. 2017 Current Week

  • Total IRD traded notional and trade count increased by 48% and 19%, respectively
    • Fixed-for-floating IRS traded notional and trade count increased by 24% and 13%, respectively
    • FRAs traded notional and trade count increased by 85% and 45%, respectively
    • OIS traded notional and trade count increased by 38% and 33%, respectively
  • 90% of total traded notional was cleared vs 85% last year
  • 62% of total traded notional was executed On SEF vs. 53% last year

Credit Derivatives 

2018 YTD vs. 2017 YTD

  • Total credit derivatives traded notional and trade count increased by 38% and 22%, respectively
    • CDX HY traded notional and trade count increased by 47% and 23%, respectively
    • CDX IG traded notional and trade count increased by 52% and 34%, respectively
    • iTraxx Europe traded notional and trade count increased by 35% and 25%, respectively
  • 83% of total traded notional was cleared vs. 79% last year
  • 79% of total traded notional was executed On SEF vs. 74% last year

2018 Current Week vs. 2017 Current Week

  • Total credit derivatives traded notional and trade count decreased by 34% and 32%, respectively
    • CDX HY traded notional and trade count decreased by 44% and 45%, respectively
    • CDX IG traded notional and trade count decreased by 36% and 38%, respectively
    • iTraxx Europe traded notional and trade count decreased by 31% and 17%, respectively
  • 81% of total traded notional was cleared vs. 82% last year
  • 77% of total traded notional was executed On SEF vs. 78% last year

Interest Rate Derivatives 

2018 YTD vs. 2017 YTD

  • Total IRD traded notional and trade count increased by 22% and 15%, respectively
    • Fixed-for-floating IRS traded notional and trade count increased by 27% and 16%, respectively
    • FRAs traded notional and trade count increased by 22% and 14%, respectively
    • OIS traded notional and trade count increased by 6% and 14%, respectively
  • 88% of total traded notional was cleared, flat compared with last year
  • 57% of total traded notional was executed On SEF vs. 55% last year

2018 Current Week vs. 2017 Current Week

  • Total IRD traded notional and trade count increased by 49% and 40%, respectively
    • Fixed-for-floating IRS traded notional and trade count increased by 54% and 48%, respectively
    • FRAs traded notional increased by 13%, while trade count decreased by 3%
    • OIS traded notional and trade count increased by 108% and 69%, respectively
  • 85% of total traded notional was cleared vs 87% last year
  • 55% of total traded notional was executed On SEF vs. 62% last year

Credit Derivatives 

2018 YTD vs. 2017 YTD

  • Total credit derivatives traded notional and trade count increased by 41% and 23%, respectively
    • CDX HY traded notional and trade count increased by 52% and 27%, respectively
    • CDX IG traded notional and trade count increased by 57% and 38%, respectively
    • iTraxx Europe traded notional and trade count increased by 37% and 23%, respectively
  • 83% of total traded notional was cleared vs. 79% last year
  • 79% of total traded notional was executed On SEF vs. 74% last year

2018 Current Week vs. 2017 Current Week

  • Total credit derivatives traded notional and trade count increased by 28% and 36%, respectively
    • CDX HY traded notional and trade count increased by 31% and 20%, respectively
    • CDX IG traded notional and trade count increased by 5% and 14%, respectively
    • iTraxx Europe traded notional and trade count increased by 72% and 99%, respectively
  • 81% of total traded notional was cleared vs. 78% last year
  • 76% of total traded notional was executed On SEF vs. 73% last year