CME vs LCH vs SGX, IRS Client Clearing Face Off
Press release from CME on client notionals: http://www.cmegroup.com/trading/cds/online-marketing/otc_update_021312.html
CME last week in IRS: $44bn
Latest update from LCH on client notionals: http://www.swapclear.com/knowledge/news/press-releases/2012-02-06.html
LCH in January: $34bn
SGX in February: $5bn
Interesting – the whole buy-side has yet to on-board in large numbers, CME advertise 1300 client accounts, which is a small proportion of the number of investment funds that could be in clearing, it’s all the play for.