Interest Rate Derivatives

• Total IRD traded notional and trade count increased by 22% and 17%, respectively
  • Fixed-for-floating IRS traded notional and trade count increased by 47% and 15%, respectively
  • FRA traded notional and trade count decreased by 30% and 51%, respectively
  • OIS traded notional and trade count both increased by 23%
• 72% of total traded notional was cleared vs. 77% 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 increased by 10%, while trade count decreased by 4%
  • CDX HY traded notional and trade count decreased by 8% and 15%, respectively
  • CDX IG traded notional increased by 4%, while trade count decreased by 4%
  • iTraxx Europe traded notional and trade count increased by 14% and 0.5%, 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 11% and 14%, respectively
  • Corporate single-name CDS traded notional and trade count decreased by 14% and 17%, respectively
  • Sovereign single-name CDS traded notional and trade count both decreased by 8%
• 53% of total traded notional was cleared vs. 50% last year

2024 Current Week vs. 2023 Current Week