Interest Rate Derivatives

• Total IRD traded notional and trade count increased by 27% and 18%, respectively
  • Fixed-for-floating IRS traded notional and trade count increased by 52% and 18%, respectively
  • FRA traded notional and trade count decreased by 27% and 48%, respectively
  • OIS traded notional and trade count increased by 28% and 22%, respectively
• 72% of total traded notional was cleared vs. 77% last year
• 57% 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 increased by 12%, while trade count decreased by 6%
  • CDX HY traded notional and trade count decreased by 10% and 18%, respectively
  • CDX IG traded notional increased by 4%, while trade count decreased by 8%
  • iTraxx Europe traded notional increased by 13%, while trade count decreased by 2%
• 81% of total traded notional was cleared vs. 86% last year
• 80% of total traded notional was executed on SEFs vs. 85% 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 12% and 16%, respectively
  • Corporate single-name CDS traded notional and trade count decreased by 15% and 19%, respectively
  • Sovereign single-name CDS traded notional and trade count both decreased by 10%
• 54% of total traded notional was cleared vs. 50% last year

2024 Current Week vs. 2023 Current Week