Credit Derivatives Reported under CFTC Regulations

2023 YTD vs. 2022 YTD

  • Total index credit derivatives traded notional and trade count decreased by 27% and 17%, respectively
    • CDX HY traded notional and trade count decreased by 21% and 14%, respectively
    • CDX IG traded notional and trade count decreased by 24% and 15%, respectively
    • iTraxx Europe traded notional decreased by 25%, while trade count increased by 1%
  • 87% of total traded notional was cleared vs. 84% last year
  • 85% of total traded notional was executed on SEFs vs. 83% last year

 

2023 Current Week vs. 2022 Current Week

 

Credit Derivatives Reported under SEC Regulations

YTD Ending October 13, 2023

  • Total security-based credit derivatives traded notional was $581.5 billion, while trade count totaled 183.5 thousand
    • Corporate single-name CDS traded notional totaled $441.8 billion, and trade count was 141.5 thousand
    • Sovereign single-name CDS traded notional totaled $111.3 billion, and trade count was 27.8 thousand
  • 49% of total traded notional was cleared