Interest Rate Derivatives

• Total IRD traded notional and trade count increased by 24% and 18%, respectively
  • Fixed-for-floating IRS traded notional and trade count increased by 48% and 16%, respectively
  • FRA traded notional and trade count decreased by 29% and 50%, respectively
  • OIS traded notional and trade count increased by 25% and 23%, 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 11%, while trade count decreased by 4%
  • CDX HY traded notional and trade count decreased by 8% and 16%, respectively
  • CDX IG traded notional increased by 5%, while trade count decreased by 4%
  • iTraxx Europe traded notional increased by 13%, while trade count decreased by 1%
• 82% of total traded notional was cleared vs. 86% last year
• 81% 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 11% and 14%, respectively
  • Corporate single-name CDS traded notional and trade count decreased by 14% and 18%, respectively
  • Sovereign single-name CDS traded notional and trade count both decreased by 8%
• 54% of total traded notional was cleared vs. 50% last year

2024 Current Week vs. 2023 Current Week