This blog looks at Swap Connect, a service enabling offshore parties to trade and clear deliverable CNY swaps. Key takeaways Read on for Swap Connect’s market impact and the unique features of its trade acceptance approach, booking model and margin process. All the charts, data, and statistics in this blog were sourced from CCPView. CNY […]

This blog reviews 2025 full-year cross-currency swap volumes, their split between on- and off-platform, and the market shares of platform groups. We focus on the cross-currency basis swaps in the top five currencies, using SDRView and SEFView to aggregate volumes, DV01, and trade count by month and year. Key takeaways For the top five currencies’ […]

This blog reviews 2025 volumes and market share of interest rate OTC derivatives reported by clearinghouses (CCPs). We focus on “core swaps” including cleared IRS, OIS, and basis swaps, using CCPView to filter and aggregate daily volumes and open interest data published by CCPs. Key takeaways On core swaps in 2025: Read on for the […]

This blog covers the volumes of FX derivatives (FXD) in December 2025, following on from our prior blog on September 2025 FXD volumes. Key takeaways Read on for more analysis and further explanation. All the charts and details in this blog were sourced from CCPView and SDRView. Cleared FXD volumes First, we look at cleared FXD […]