Q2 2025 CCP volumes and share in IRD
Clarus CCPView has daily volume and open interest (OI) data published by each CCP, which is filtered, normalized, and aggregated to allow meaningful volume comparisons. This blog looks at single-sided gross notional volume in vanilla cleared swaps referencing IBORs and RFR indexes for quarter two (Q2) 2025 and the prior four quarters in all major currencies and regions. This comprises: Read […]
CAD swaps – what’s new?
Given that over a year has passed since CORRA cessation, I wanted to illustrate the transition using CCPView and SDRView volumes. So, I will bias the 2025 edition of this blog towards CDOR-CORRA volumes review, while briefly covering CAD derivatives volumes along the way. Last year’s edition of this blog is here and our prior […]
What’s new in CCP Disclosures? – Q1 2025
Clearing houses have published their latest CPMI-IOSCO Quantitative Disclosures for Q1 2025. Background Under the CPMI-IOSCO Public Quantitative Disclosures, central counterparties (CCPs) publish over 200 quantitative data fields covering margin, default resources, credit risk, collateral, liquidity risk, back-testing, and more. CCPView has more than 8 years of these quarterly disclosures for 44 clearinghouses, each with multiple Clearing Services, covering […]
€STR volumes and market share – May 2025
€STR futures Our €STR Dashboard summarizes key liquidity attributes in this growing market. Chart 1: €STR short-term interest rate futures dashboard. Source: Dashboard built using ClarusFT microservices connected to CCPView. The dashboard shows: In addition, CCPView provides longer-range time series, like the following on €STR futures OI. Chart 2: day-by-day €STR futures OI by CCP (notional […]
How much margin? The 2024 edition
This blog covers the 2024 edition of the “ISDA Year-End Margin Survey”, published on 14 May 2025, which covers over-the-counter (OTC) derivatives uncleared initial margin (IM) and variation margin (VM) for all asset classes, and cleared IM for interest rate derivatives (IRD) and credit derivatives (CRD) only. We combine the ISDA survey data with more […]