RFR trading is now at 50% in CHF and JPY!

The latest ISDA-Clarus RFR Adoption Indicator presents some truly incredible numbers in August 2021. On to the details. August 2021 The headline RFR Adoption Indicator increased to a new all time high of 17.5% in August 2021. The chart looks particularly healthy: August 2021 was the first month where SOFR First really demonstrated its impact […]

Our Sale to ION

Following on from our announcement that ION acquires Clarus Financial Technology, I wanted to provide some color on the rationale for the deal and what it means going forward. The Rationale After almost a decade as an independent firm why did we decide to become part of ION Group and more specifically ION Markets? A […]

Latest EUR Swaps market share for CCPs and SEFs

Eurex EUR share stands at 7-9% when measured by DV01. Globally, August 2021 saw the lowest EUR IRS volumes in the past 5 years. 23% of EUR IRS executes on-SEF. 60% of EUR CRD Index volumes now execute on-SEF. And we look at where clearing of EUR CRD Index trades is taking place. Now that […]

August 2021 – What Happened?

SOFR trading now accounts for 30% of the USD market. This is as a direct result of the SOFR first initiative. Elsewhere, US markets have been in the midst of a Summer lull. Volumes outside of SOFR were around 15% lower than other weeks in 2021. We look forward to updating the ISDA-Clarus RFR adoption […]