Data reveals Emir swaps report matching rates at 40%

Figure is better than some feared, but still calls into question the value of dual-sided reporting

Mismatch: at just 40%, the matching rate is still higher than most market participants expected

Only 40% of swaps trades reported under the European Market Infrastructure Regulation are properly matched up at trade repositories, data from the European Securities and Markets Authority has revealed, following a freedom of information request by Risk.net.

This is thought to be the first time the European supervisory agency has disclosed an official matching rate since Emir entered into force in January 2014.

Although still low, the matching rates are higher than most market participants