This blog reviews Q3 2026 US-reported volumes and D2D platform market shares of major currency cross-currency swaps risk-trading, continuing the quarterly series from the Q2 edition. Key takeaways In Q3 2026 major currency cross-currency basis swaps: Read on for supporting analysis of charts and data created in SDRView. Blog scope We continue to focus on US-reported […]

This blog reviews the Q3 2026 D2D platform market share dynamics of major currency rates swaps risk-trading, continuing from the last quarterly edition. Key takeaways We sourced the charts and statistics from SDRView. Background Here we focus on D2D platforms’ bread-and-butter trading activity in cleared OIS and fixed float IRS. We exclude compressions to keep the focus on risk-trading. […]

This blog shows new volume and OI peaks and tells the story of how they reached them. Key takeaways How did swap futures develop? Swap futures were created soon after the 2008 global financial crisis. This was a period of both re-regulation and experimentation driven by G20 regulators’ consensus to standardize OTC derivatives and move […]

This blog reviews Q2 2026 US-reported swaption volumes and D2D platform market shares – following the Q1 edition of this series. Key takeaways After a Q1 record of $8.10 trillion, G4 currency swaptions US-reported activity returned to 2025-like levels in Q2 of $5.74 trillion “package notional” – down 5.6% year-on-year (YoY) and down 29% quarter-on-quarter […]

This blog covers volumes of activity resulting from D2D platform reset runs a.k.a. multilateral reset optimization (MRO) for Q2 2026. Key takeaways In Q2 2026, Tradition (Trads) MRO took 15% of D2D platform reset-hedging activity in currencies where MROs operate. The marked uptick in MRO competition between D2D platforms prompts more frequent future posts on the topic. […]

This blog reviews Q2 2026 US-reported volumes and D2D platform market shares of major currency cross-currency swaps risk-trading, continuing the quarterly series from Q1 2026 cross-currency swap volumes and market shares. Key takeaways In Q2 2026 major currency cross-currency basis swaps: Read on for deeper supporting analysis and some charts and data created in SDRView. Blog […]

This blog reviews Q2 2026 D2D platform market shares of major currency rates swaps risk-trading, continuing the quarterly series from Q1 2026 shares of D2D platform core rates swaps. Key takeaways Q2 2026 saw the following D2D platform market share leaders and shifts in each major currency: All the charts and statistics in this blog […]

This blog looks at Q1 2026 volumes of US-reported compression of cleared “core” rate swaps (meaning OIS, fixed float IRS, and basis swaps). Key takeaways Scope and background This blog continues our coverage of US-reported rates swap compression volumes after 2025 SDR-reported IR compression and before that H1 2025 SDR-reported IR compression and 2024 US […]