May 2016 Swaps Review – Volume Down, SEF Compression & AUD OIS Up
Continuing with our monthly review series, let’s take a look at Interest Rate Swap volumes in May 2016. First the highlights: On SEF USD IRS in May 2016 volume was 10% lower than May 2015 The lower volumes we saw in April have continued in May USD SEF Compression volumes were up from April and similar to May 2015 USD Swap Curve pivoted up […]
Mandatory Execution and Clearing Hits Mexico
A couple weeks ago, we noticed some notable changes in the Mexican Peso swap market. When I began asking around, I discovered that mandatory clearing had hit Mexico. Why then write a blog about it? Well, it has become clear that I’m not the only person that hadn’t been told mandatory clearing had hit the 15th […]