IRD + CDS Analysis for Week Ending August 8, 2014

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Interest Rates Derivatives

  • Overall rates trading was down 9% from the previous week
  • 11% less volume was cleared, and 12% less was executed On SEF than in the previous week
  • 76% of total notional was cleared this week vs. 78% last week
  • 49% of total notional was executed On SEF this week vs. 51% last week

Credit Default Swaps

  • Overall CDS notional amounts climbed 16% from the previous week
  • Notional cleared was up 16%, and 14% more was executed On SEF than in the previous week
  • 82% of total notional was cleared this week, which was consistent with last week
  • 72% of total notional was executed on SEF this week, down from 73% last week