Interest Rate and Credit Derivatives Weekly Trading Volume: Week Ending July 6 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 28% and 16%, respectively 
    • Both FRAs traded notional and trade count increased by 24% and 18%, 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 decreased by 8.4% and 16%, respectively 
    • Both fixed-for-floating IRS traded notional and trade count decreased by 24% and 22%, respectively 
    • Both FRAs traded notional and trade count increased by 29% and 18%, respectively
    • Both OIS traded notional and trade count decreased by 22% and 19%, respectively 
  • 87% of total traded notional was cleared vs. 86% last year
  • 59% of total traded notional was executed On SEF vs. 47% last year

Credit Derivatives

2018 YTD vs. 2017 YTD

  • Both total credit derivatives traded notional and trade count increased 42% and 22%, respectively
    • Both CDX HY traded notional and trade count increased by 54% and 28%, respectively
    • Both CDX IG traded notional and trade count increased by 61% and 38%, respectively
    • Both iTraxx Europe traded notional and trade count increased by 36% and 19%, 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

  • Total credit derivatives traded notional increased by 1%, while trade count decreased by 8%  
    • Both CDX HY traded notional and trade count decreased by 13% and 20%, respectively
    • Both CDX IG traded notional and trade count decreased by 4% and 43%, respectively
    • Both iTraxx Europe traded notional and trade count increased by 32% and 41%, respectively 
  • 87% of total traded notional was cleared vs. 81% last year
  • 82% of total traded notional was executed On SEF vs. 75% last year