Pimco said to be behind OTC clearing spike at CME

cme

Something has changed at CME Group in the past two months. Prior to August, its biggest month for interest rate swap clearing was October 2010 - the service's launch month - when volume reached $661.5 million. But volume jumped to $1.2 billion in August, before a spike to $26.8 billion in September so far. The same pattern can be seen in credit default swaps (CDSs).

Dealers say much of this surge in activity can be chalked up to a single, large client testing how the clearing framework holds up

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

Switching CCP – How and why?

As uncertainty surrounding Brexit continues and the impacts of Covid-19-driven market volatility are analysed, it is essential for banks and their end-users to understand their clearing options, and how they can achieve greater capital and cross…

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here