Check out the latest research paper IRD Trading Activity Reported in EU, UK and US Markets: First Quarter of 2024.
Interest Rate Derivatives
- Total IRD traded notional and trade count increased by 9% and 10%, respectively
- Fixed-for-floating IRS traded notional and trade count increased by 28% and 7%, respectively
- FRA traded notional and trade count decreased by 47% and 65%, respectively
- OIS traded notional and trade count increased by 16% and 23%, 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 5% and 13%, respectively
- CDX HY traded notional and trade count decreased by 16% and 20%, respectively
- CDX IG traded notional and trade count decreased by 10% and 15%, respectively
- iTraxx Europe traded notional and trade count decreased by 8% and 14%, respectively
- 83% of total traded notional was cleared vs. 86% last year
- 82% 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 16% and 19%, respectively
- Corporate single-name CDS traded notional and trade count decreased by 20% and 22%, respectively
- Sovereign single-name CDS traded notional and trade count both decreased by 12%
- 52% of total traded notional was cleared vs. 51% last year
2024 Current Week vs. 2023 Current Week
