Due to the shortened trading week because of the U.S. Independence Day holiday on Friday, notionals were down across the board. Percentages of notional cleared and executed On SEF dipped only a bit for IRD, and increased for CDS, however.
Interest Rates Derivatives
- Overall rates trading was down 28% from the previous week
- 32% less volume was cleared, and 30% less was executed On SEF than in the previous week
- 77% of total notional was cleared this week vs. 81% last week
- 57% of total notional was executed On SEF this week vs. 59% last week