IRD + CDS Analysis for Week Ending May 9, 2014

Interest Rates Derivatives

Overall trading reported to the SDR grew 16% from the previous week
23% more volume was cleared, and 10% more was executed On SEF than in the previous week
80% of total notional was cleared this week vs. 75% last week
50% of total notional was executed On SEF this week vs. 53% last week

Overall CDS notional reported to the SDR decreased 34% from the previous week. Uncleared and Off SEF trades accounted for the bulk of the declines this week.
Notional cleared was flat. 2% less was executed On SEF than in the previous week
79% of total notional was cleared this week vs. 52% last week
59% of total notional was executed on SEF this week vs 39% last week