Article: Survey of CCP Progress Since the US Clearing Mandate Kicked In

01 December 2013 | Bill Hodgson     Page Help

It's been a few months since we last updated the CCP chart, and in that time clearing has become mandated in the US. In most cases the quantity of trades in each CCP has increased, but the effects of netting and tear-ups might be behind the reduction in others. There have been plenty of announcements of the intention to provide clearing, and in most cases no evidence of progress on those plans - building a CCP is a hard task, and even harder to bring liquidity given the netting benefits of having fewer CCPs. If you are one the CCPs below - please check the figures and let me know if there are corrections, gathering this data is non-trivial. The raw statistics from each CCP are published in their own particular style, some provide the amount of open business measured by Notional, some Open Interest, and for SGX only the cumulative total amount cleared (unless I'm mistaken).

Note: Research carried out by Tabitha Jay

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