In 2015, the EMIR regulation in Europe will make it an obligation to clear Interest Rate Swaps at a CCP. In addition it is likely that Non-Deliverable FX Forwards will become subject to mandatory clearing in Europe and the US. This means that there is a great deal of interest in tracking resulting changes in CCP volumes and market share.
Tod Skarecky, SVP Americas Clarus Financial Technology explains, “Our CCPView service takes the data published by each CCP, extracts and normalizes it into a database, and provides a web application for users to slice and dice the data. This makes it much easier to track on a consistent basis the volume and market share of each CCP, for any asset class, product or currency.
Amir Khwaja, CEO Clarus Financial Technology adds, “Our existing SEFView service is established as the premium service of choice for tracking SEF Volumes. With the release of CCPView, currently covering 15 CCPs, we hope to replicate the success of SEFView and do so for industry participants that need to monitor and understand global CCP volumes.”
“For market participants, whether sell-side, buy-side or service providers, our View services (for SDR, SEF & CCP) serve to increase the transparency in OTC Derivatives and we believe they provide unique insight into understanding the change in market structure”.
For details on CCPView please see /ccpview