Asset managers lead the charge for voluntary clearing

Voluntary clearing volumes jump 80% as non-cleared margin rules take effect

mexican-peso
The Mexican peso is one currency that has seen a big jump in IRS clearing

Central counterparties are seeing a surge in voluntary clearing of interest rate swaps not currently mandated for clearing by US regulators.

"We've seen from our data a significant increase in volume in some of the voluntary products we offer, particularly in Mexican peso and Brazilian real interest rate swaps," says Jack Callahan, executive director of over-the-counter products at CME Group in Chicago.

Average daily volumes for non-mandated interest rate swaps cleared at CME and LCH have jumped