IRD and CDS Weekly Analysis: week ending October 3, 2014

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Interest Rates Derivatives

  • Overall rates trading was down 8% from the previous week
  • 9%  less volume was cleared, and 5% less was executed On SEF than in the previous week
  • 78% of total notional was cleared this week, vs. 79% last week
  • 53% of total notional was executed On SEF this week vs. 51% last week

Credit Default Swaps

  • Overall CDS notional amounts increased 17% from the previous week
  • Notional cleared was up 18%, and 17% more was executed On SEF than in the previous week
  • 85% of total notional was cleared this week, up from 84% last week
  •  76% of total notional was executed On SEF this week, which is consistent with last week