Interest Rate and Credit Derivatives Weekly Trading Volume: Week Ending July 13 2018

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Interest Rate Derivatives 

2018 YTD vs. 2017 YTD

  • Both total IRD traded notional and trade count increased by 22% and 15%, respectively
    • Both fixed-for-floating IRS traded notional and trade count increased by 27% and 16%, respectively
    • Both FRAs traded notional and trade count increased by 23% and 16%, respectively
    • Both OIS traded notional and trade count increased by 6% and 15%, respectively
  • 88% of total traded notional was cleared, flat compared with last year
  • 56% of total traded notional was executed On SEF vs. 55% last year

2018 Current Week vs. 2017 Current Week

  • Both total IRD traded notional and trade count increased by 11% and 13%, respectively
    • Both fixed-for-floating IRS traded notional and trade count increased by 13% and 20%, respectively
    • Both FRAs traded notional and trade count decreased by 12% and 38%, respectively
    • Both OIS traded notional and trade count increased by 7% and 11%, respectively
  • 83% of total traded notional was cleared vs. 88% last year
  • 62% of total traded notional was executed On SEF vs. 56% last year

Credit Derivatives 

2018 YTD vs. 2017 YTD

  • Both total credit derivatives traded notional and trade count increased 43% and 23%, respectively
    • Both CDX HY traded notional and trade count increased by 53% and 28%, respectively
    • Both CDX IG traded notional and trade count increased by 61% and 39%, respectively
    • Both iTraxx Europe traded notional and trade count increased by 38% and 21%, respectively
  • 84% of total traded notional was cleared vs. 79% last year
  • 79% of total traded notional was executed On SEF vs. 74% last year

2018 Current Week vs. 2017 Current Week

  • Both total credit derivatives traded notional and trade count increased by 69% and 56%, respectively
    • Both CDX HY traded notional and trade count increased by 38% and 19%, respectively
    • Both CDX IG traded notional and trade count increased by 70% and 63%, respectively
    • Both iTraxx Europe notional and trade count increased by 87% and 81%, respectively
  • 83% of total traded notional was cleared vs. 81% last year
  • 79% of total traded notional was executed On SEF vs. 77% last year