But first… Before we plough into BRL swaps, did you know that the EUR Swaps market is now larger than USD? From CCPView: Showing; It doesn’t take a rocket scientist to work out what has caused this: I thought our readers would find that an interesting addition to their Summer reading. Back to the topic […]
The SEC issued a proposal last year regarding a potential clearing mandate for cash treasuries and repos. There is a good two-pager summary from the SEC here: Or you can choose to read the entire proposal here: Clearing of Cash, Repo and Swaps are all different First of all, I think it is important to […]
RFR Adoption is Increasing Again The latest edition of the ISDA-Clarus RFR Adoption Indicator was published earlier this week. You can find the full report over on the ISDA website here. As always, we provide a look into the data: Showing; SOFR Trading Increases As long-time readers well know by now, USD markets (and hence […]
I published my first article on the ION Blog covering Cleared Swap markets and comparing open interest and volume between Swaps and Futures for Interest Rate Derivatives. Please read at How large are Cleared Swap markets?
Let’s update my blog on IDB Market Share in SOFR Swaps with the most recent data and expand the coverage to also include D2C venues. Types of SOFR Swaps SOFR Swaps in the IDB (inter-dealer broker, D2D) market trade primarily as Spreadovers to US Treasuries. This is by far the most frequent trade type in […]