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 46% and 9%, respectively
- FRA traded notional and trade count decreased by 7% and 14%, respectively
- OIS traded notional and trade count increased by 56% and 44%, 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 15%, respectively
- CDX IG traded notional and trade count decreased by 24% and 15%, respectively
- iTraxx Europe traded notional and trade count decreased by 28% and 1%, 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 September 1, 2023
- Total security-based credit derivatives traded notional totaled $464.3 billion, while trade count totaled 148.6 thousand
- Corporate single-name CDS traded notional totaled $350.7 billion, and trade count was 113.9 thousand
- Sovereign single-name CDS traded notional totaled $89.7 billion, and trade count was 22.6 thousand
- 49.0% of total traded notional was cleared
