The global derivatives markets – in particular, the market for euro interest rate swaps – remains fragmented along geographic lines, according to an analysis of data to June 30, 2015. This report is the fourth in a series of research notes charting changes in global liquidity pools since US swap execution facility (SEF) rules came into force in October 2013.<\/p>\n
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The global derivatives markets – in particular, the market for euro interest rate swaps – remains fragmented along geographic lines, according to an analysis of data to June 30, 2015. This report is the fourth in a series of research notes charting changes in global liquidity pools since US swap execution facility (SEF) rules came into force in October 2013.<\/p>\n
Prior to the implementation of US SEF rules, approximately 25% of euro interest rate swaps (IRS) activity comprised trades between European and US dealers. By August 2014, the split in liquidity reached its peak, with this figure falling to about 3%. Since then, the share of euro IRS trading activity between European and US dealers has increased to as much as 14% (in December 2014). The latest analysis shows that approximately 10% of euro IRS activity has been traded between European and US dealers so far this year.<\/p>\n
To find out more, download the whitepaper attached below.<\/p>\n","protected":false},"excerpt":{"rendered":"
The global derivatives markets – in particular, the market for euro interest rate swaps – remains fragmented along geographic lines, according to an analysis of data to June 30, 2015. … <\/p>\n