2023 YTD vs. 2022 YTD

  • Total IRD traded notional and trade count increased by 16% and 17%, respectively
    • Fixed-for-floating IRS traded notional and trade count decreased by 43% and 7%, respectively
    • FRA traded notional and trade count decreased by 3% and 8%, respectively
    • OIS traded notional and trade count increased by 58% and 48%, respectively
  • 76% of total traded notional was cleared vs. 75% last year
  • 52% of total traded notional was executed on SEFs vs. 59% last year

 

2023 Current Week vs. 2022 Current Week

 

Credit Derivatives Reported under CFTC Regulations

2023 YTD vs. 2022 YTD

  • Total index credit derivatives traded notional and trade count decreased by 29% and 18%, respectively
    • CDX HY traded notional and trade count decreased by 24% and 15%, respectively
    • CDX IG traded notional and trade count decreased by 25% and 15%, respectively
    • iTraxx Europe traded notional and trade count decreased by 30% and 6%, respectively
  • 86% of total traded notional was cleared vs. 83% last year
  • 85% of total traded notional was executed on SEFs vs. 82% last year

 

2023 Current Week vs. 2022 Current Week

 

Credit Derivatives Reported under SEC Regulations

YTD Ending August 11, 2023

  • Total security-based credit derivatives traded notional totaled $437.4 billion, while trade count totaled 140.6 thousand
    • Corporate single-name CDS traded notional totaled $333.4 billion, and trade count was 108.6 thousand
    • Sovereign single-name CDS traded notional totaled $82.4 billion, and trade count was 20.8 thousand
  • 50% of total traded notional was cleared