Q1 2026 equity TRS volumes: USD up 96%, CNY up 146%
This blog reviews Q1 2026 US SBSDR-reported OTC equity derivatives volumes – focusing on total return swaps (TRS) on the top five currencies – USD, EUR, JPY, GBP, CNY – which were 88 percent of the volume. Key takeaways Q1 2026 total SBSDR-reported notional volumes of equity TRS were as follows: I am interested in […]
Q1 2026 USD swaption volumes – up 14 percent YoY
This post continues our quarterly strikes analysis of USD swaptions, which are typically 50 percent or more of swaptions volumes in all currencies. We use SDRView data, which captures OTC derivatives trades reported by US financial firms to US SDRs. Key takeaways Swap market context If you are new to swaptions, some basics are outlined at the […]
Q1 2026 exchange/CCP shares of cleared rates derivatives
This blog is the first edition of what will become a regular quarterly blog on competition between rates derivatives exchanges and CCPs measured by market share of trade notional cleared. Key takeaways In Q1 2026, the exchanges and CCPs market shares of the more competitive cleared derivatives products were as follows. Read on for more […]
Volumes and most active names in credit derivatives – March 2026
Today we look at issuer names most actively traded based on single-name credit default swap (CDS) trades reported to US SEC Securities Based Swap Data Repositories (SBSDRs) in March 2026. This follows on from the prior similar blog covering September 2025, as we follow the natural CDS volume peaks in March and September. We rank SBSDR reported names by […]