Check out the latest research papers:
How and Why Pension Funds Use Derivatives
Interest Rate Derivatives
2026 YTD vs. 2025 YTD
- Total IRD traded notional and trade count increased by 24.2% and 30.6%, respectively
- YTD 2026, 74.2% of OIS traded notional had tenors up to and including one year, 17.1% between one and five years, and 8.7% over five years
- YTD 2026, 46.5% of fixed-for-floating IRS traded notional had tenors up to and including one year, 33.4% between one and five years, and 20.1% over five years
- 86.7% of total traded notional was cleared vs. 87.7% last year
- 56.2% of total traded notional was executed on SEFs vs. 55.1% with last year
2026 Current Week vs. 2025 Current Week
Credit Derivatives Reported under CFTC Regulations
2026 YTD vs. 2025 YTD
- Total index credit derivatives traded notional increased by 19.5%, while trade count decreased by 0.7%
- CDX HY traded notional and trade count increased by 12.2% and 0.8%, respectively
- CDX IG traded notional and trade count increased by 47.2% and 19.4%, respectively
- iTraxx Europe traded notional and trade count decreased by 10.9% and 17.3%, respectively
- 75.7% of total traded notional was cleared vs. 77.0% last year
- 73.3% of total traded notional was executed on SEFs vs. 74.2% 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 4.9% and 6.1%, respectively
- Corporate single-name CDS traded notional and trade count decreased by 5.3% and 7.6%, respectively
- Sovereign single-name CDS traded notional and trade count decreased by 7.6% and 7.7%, respectively
- 62.7% of total traded notional was cleared vs. 64.5% last year
2026 Current Week vs. 2025 Current Week
