Check out the latest research papers:

IRRBB Management in Emerging Market and Developing Economies: The Role of Derivatives in Supporting Financial Stability and Economic Development

How and Why Pension Funds Use Derivatives

Interest Rate Derivatives

2026 YTD vs. 2025 YTD

  • Total IRD traded notional and trade count increased by 25.2% and 30.0%, respectively
    • YTD 2026, 74.0% of OIS traded notional had tenors up to and including one year, 17.3% between one and five years, and 8.6% over five years
    • YTD 2026, 45.9% of fixed-for-floating IRS traded notional had tenors up to and including one year, 33.8% between one and five years, and 20.2% over five years
  • 86.5% of total traded notional was cleared vs. 87.5% last year
  • 56.7% of total traded notional was executed on SEFs vs. 54.9% with last year

 

 

Credit Derivatives Reported under CFTC Regulations

2026 YTD vs. 2025 YTD

  • Total index credit derivatives traded notional and trade count increased by 21.9% and 2.5%, respectively
    • CDX HY traded notional and trade count increased by 15.2% and 4.7%, respectively
    • CDX IG traded notional and trade count increased by 46.9% and 21.7%, respectively
    • iTraxx Europe traded notional and trade count decreased by 4.8% and 13.3%, respectively
  • 76.4% of total traded notional was cleared vs. 77.5% last year
  • 74.1% of total traded notional was executed on SEFs vs. 74.9% last year

 

2026 Current Week vs. 2025 Current Week

 

Credit Derivatives Reported under SEC Regulations

2026 YTD vs. 2025 YTD

  • Total security-based credit derivatives traded notional and trade count decreased by 2.6% and 5.6%, respectively
    • Corporate single-name CDS traded notional and trade count decreased by 3.6% and 6.7%, respectively
    • Sovereign single-name CDS traded notional and trade count decreased by 3.2% and 7.6%, respectively
  • 62.5% of total traded notional was cleared vs. 64.0% last year

 

2026 Current Week vs. 2025 Current Week