Have Uncleared Margin Rules Impacted Swap Activity?

We’re all aware that in the US, the new Uncleared Margin Rules (UMR) took effect on September 1st.  Except they kinda didn’t take effect.  There was this chestnut of No-Action relief issued by the CFTC on the day, which, if you just read the headline news reports, meant that the Rules were pushed back 1 […]

August 2016 Swaps Review

Continuing with our monthly review series, let’s take a look at Interest Rate Swap volumes in August 2016. First the highlights: On SEF USD IRS in August 2016 volume was 9% higher than July Curve trade volume at $96m DV01 was much higher than usual SEF Compression activity jumped to over $260b, the highest since June 2015 USD OIS […]