Fintech

3Q23 CCP Volumes and Share in IRD

Clarus CCPView has daily volume and open interest data published by each CCP, which is filtered, normalised and aggregated to allow meaningful comparisons of volumes. Today we look at 3Q23 volume and market share in IRD for: USD Swaps (SOFR, FF) EUR Swaps (EURIBOR, €STR) GBP Swaps (SONIA) JPY Swaps (TONA) AUD Swaps (BBSW, AONIA) CAD Swaps (CDOR, CORRA) EMEA Swaps AsiaPac Swaps

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Fintech

After HKEX’s Synapse, what’s next for exchanges?

Hong Kong Exchanges and Clearing (HKEX) launched its Synapse platform this week, enabling global fund managers to operate within the same-day settlement times of the Stock Connect system for trading mainland China equities. Synapse, in development since 2019 by participating custodian banks and vendor Digital Asset Holdings, is a rare example of a regional stock exchange using next-generation technology to

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Fintech

3Q23 CCP Volumes and Share in CRD and FXD

A review of Credit Derivatives (CRD) and FX Derivatives (FXD) volumes and market share at Clearing Houses (CCPs) in 3Q 2023. CRD – Index, Single-name and Swaptions In USD, CDX and CDS volumes were down In EUR, iTraxx volumes were down, while CDS were up In EUR iTraxx, LCH CDSClear share has doubled from a year earlier to 26% In

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Fintech

Central Clearing of US Treasuries

I published an article on the ION Markets Blog, please read at Central Clearing of US Treasuries. It highlights a recent DTCC White Paper on Assessing a Potential Expansion of U.S. Treasury Central Clearing, which includes findings from a survey. DTCC Whitepaper, Looking to the Horizon: Assessing a Potential Expansion of U.S. Treasury Central Clearing Stay informed with our FREE

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Fintech

What’s New in CCP Disclosures – 2Q23?

Clearing Houses have published their latest CPMI-IOSCO Quantitative Disclosures: Initial margin for ETD at $449 billion is down 3% QoQ and down 15% YoY Initial margin for IRS at $317 billion is down 6% QoQ and up 13% YoY Initial margin for CDS at $69 billion is flat QoQ and down 10% YoY In 2Q23 a number of CCP quantitative disclosure show record highs Highlighted are B3, CCIL, CDCC, CME, DTCC,

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Fintech

Fees | Bharat Malesha, SmartStream | VOX 66

One of the biggest costs incurred by sell-side firms is for trading: brokerage, exchange and clearing fees and expenses. Bharat Malesha is executive vice president at SmartStream Technologies responsible for helping banks understand and optimize these costs. He speaks with Jame DiBiasio about the upward trend in costs, and the way that automation is giving COOs and CFOs more visibility

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Fintech

Clearing of US Treasuries – What Are People Saying?

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 state: The Clarus blog has

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Fintech

How large are Cleared Swap markets?

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? Open Interest in IRD for Futures and Swaps by Currency (usd millions) Stay informed with our FREE newsletter, subscribe here. Source: https://www.clarusft.com/how-large-are-cleared-swap-markets/?utm_source=rss&utm_medium=rss&utm_campaign=how-large-are-cleared-swap-markets

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Fintech

2Q23 CCP Volumes and Share in IRD

Clarus CCPView has daily volume and open interest data published by each CCP, which is filtered, normalised and aggregated to allow meaningful comparisons of volumes. Today we look at 2Q23 Volume and market share in IRD for: USD Swaps (LIBOR, SOFR, FF) EUR Swaps (EURIBOR, €STR) GBP Swaps (SONIA) JPY Swaps (TONA) AUD Swaps (BBSW, AONIA) CAD Swaps (CDOR, CORRA) EMEA Swaps AsiaPac

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What’s New in CCP Disclosures – 1Q23?

Clearing Houses have published their latest CPMI-IOSCO Quantitative Disclosures: Initial margin for ETD at $465 billion is down 6% QoQ and down 18% YoY Initial margin for IRS at $340 billion is up 9% QoQ (to a record high) and up 26% YoY Initial margin for CDS at $69 billion is flat QoQ and up 4% YoY 1Q23 saw a lot of market volatility and a number of CCP disclosures with

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Fintech

Central Clearing of Bonds and Repos

Regular readers of this blog will know that we are strong proponents of Central Clearing and since 2013 have written numerous articles on this topic for OTC Derivatives in Interest Rate, Credit and Foreign Exchange. In the past year or two, there has been increasing attention on central clearing for Bonds and Repos, so it is with great interest that

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Fintech

1Q23 CCP Volumes and Share in CRD

A review of Credit Derivatives (CRD) volumes and market share at Clearing Houses (CCPs) in 1Q 2023. Index, Single-name and Swaptions Volumes in 1Q23 down 7% from a year earlier In USD, CDX volumes were down, while CDS were up In USD, ICE Clear Credit had 96% share in the quarter In EUR, iTraxx volumes were down, while CDS were

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Fintech

1Q23 CCP Volumes and Share in IRD

Clarus CCPView has daily volume and open interest data published by each CCP, which is filtered, normalised and aggregated to allow meaningful comparisons of volumes. Today we look at 1Q23 Volume and market share in IRD for: USD Swaps (LIBOR, OIS, SOFR) EUR Swaps (EURIBOR, OIS, €STR) GBP Swaps (SONIA) JPY Swaps (TONA) AUD Swaps (BBSW, AONIA) CAD Swaps (IBOR, CORRA) EMEA Swaps

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Fintech

What’s New in CCP Disclsoures – 4Q22?

Clearing Houses have published their latest CPMI-IOSCO Quantitative Disclosures: Initial margin for ETD at $494 billion is down 10% QoQ and down 3% YoY Initial margin for IRS at $312 billion is up 11% QoQ (to a record high) and up 19% YoY Initial margin for CDS at $69 billion is down 6% QoQ and up 9% YoY A number of CCP disclosures show record highs since reporting began in Sep

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Fintech

2022 CCP Volumes and Market Share in IRD

2022 volumes and market share for OTC Derivatives in Interest Rates reported by Clearing Houses. Clarus CCPView has daily volume and open interest data published by each CCP, which is filtered, normalised and aggregated to allow meaningful analysis and comparisons. Contents: USD Swaps (LIBOR, OIS, SOFR) EUR Swaps (EURIBOR, OIS, €STR) GBP Swaps (LIBOR, SONIA) JPY Swaps (IBOR, TONA) AUD Swaps (BBSW, AONIA) CAD Swaps (IBOR,

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Fintech

What’s New in CCP Disclosures – 3Q22?

Clearing Houses have published their latest CPMI-IOSCO Quantitative Disclosures: Initial margin for ETD at $547 billion is up 4% QoQ and up 16% YoY Initial margin for IRS at $281 billion is a touch higher QoQ (record high) and up 12% YoY Initial margin for CDS at $74 billion is down 3% QoQ and up 23% YoY A number of CCP disclosures show record highs since reporting began in Sep 2015

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