Check out the latest research papers ISDA-Clarus RFR Adoption Indicator: July 2023 and SwapsInfo First Half of 2023 and the Second Quarter of 2023 Review.
Interest Rate Derivatives
2023 YTD vs. 2022 YTD
- Total IRD traded notional and trade count increased by 12% and 13%, respectively
- Fixed-for-floating IRS traded notional and trade count decreased by 45% and 9%, respectively
- FRA traded notional and trade count decreased by 6% and 11%, respectively
- OIS traded notional and trade count increased by 56% and 45%, respectively
- 78% of total traded notional was cleared vs. 75% last year
- 53% 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 28% and 18%, respectively
- CDX HY traded notional and trade count decreased by 23% and 14%, respectively
- CDX IG traded notional and trade count decreased by 24% and 15%, respectively
- iTraxx Europe traded notional and trade count decreased by 29% and 4%, 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 18, 2023
- Total security-based credit derivatives traded notional totaled $446.8 billion, while trade count totaled 143.5 thousand
- Corporate single-name CDS traded notional totaled $339.4 billion, and trade count was 110.5 thousand
- Sovereign single-name CDS traded notional totaled $85.2 billion, and trade count was 21.5 thousand
- 50% of total traded notional was cleared
