Check out the latest research paper Key Trends in the Size and Composition of OTC Derivatives Markets in the Second Half of 2023.
Interest Rate Derivatives
- Total IRD traded notional and trade count both increased by 11%
- Fixed-for-floating IRS traded notional and trade count increased by 34% and 10%, respectively
- FRA traded notional and trade count decreased by 43% and 62%, respectively
- OIS traded notional and trade count increased by 15% and 22%, respectively
- 74% of total traded notional was cleared vs. 78% last year
- 58% of total traded notional was executed on SEFs vs. 53% last year
2024 Current Week vs. 2023 Current Week
Credit Derivatives Reported under CFTC Regulations
2024 YTD vs. 2023 YTD
- Total index credit derivatives traded notional and trade count decreased by 1% and 11%, respectively
- CDX HY traded notional and trade count decreased by 16% and 20%, respectively
- CDX IG traded notional and trade count decreased by 9% and 14%, respectively
- iTraxx Europe traded notional increased by 1%, while trade count decreased by 8%
- 83% of total traded notional was cleared vs. 86% last year
- 82% of total traded notional was executed on SEFs vs. 84% last year
2024 Current Week vs. 2023 Current Week
Credit Derivatives Reported under SEC Regulations
2024 YTD vs. 2023 YTD
- Total security-based credit derivatives traded notional and trade count decreased by 14% and 17%, respectively
- Corporate single-name CDS traded notional and trade count decreased by 18% and 21%, respectively
- Sovereign single-name CDS traded notional and trade count both decreased by 9%
- 52% of total traded notional was cleared vs. 50% last year
2024 Current Week vs. 2023 Current Week
