Clearing and venue

Data through

2026-09-30

Build date

2026-10-20

Clearing and execution structure of the flow in the tape. The public dissemination does not identify the clearing house, so this page reports the cleared share of flow, not volumes by clearing house; the clearing houses' own published totals are cited on the method page as external context.

Cleared and on-SEF shares by week

Rates rows cover USD-denominated trades; other classes cover all currencies in the class, because their flow is predominantly dollar-denominated. The cleared field is disseminated as Y (cleared), I (submitted for clearing) or N (not cleared); both components are printed because the mix differs by asset class.

Field coverage

The collateralisation field is not populated in the partitions in this build, so no collateral mix is printed: a mix computed from an empty field would read as a market fact when it is a reporting gap. The mix exhibit begins when a consumed partition populates the field.

Chain lifecycle, window

Every statistic in this section is computed on each chain's final state; chains containing an error record are excluded from flow. Compression events are counted directly from the tape's event type field.

Tape-observed outstanding

The outstanding exhibit is built by replaying trade chains from the start of the readable tape. The parsed window in this build covers a single month, so a stock figure would count only positions opened inside that month and would understate the market by construction. The exhibit begins when the parsed window covers the full readable tape; the method page carries the truncation note that will accompany it.

Notional amounts are as publicly disseminated by the swap data repository. A trade larger than the regulatory cap for its asset class is disseminated at the cap value and is flagged in the source data. All notional totals are therefore lower bounds on true traded notional. The share of trades and of disseminated notional that is capped is printed beside each exhibit. Cap thresholds were revised effective 7 October 2024; comparisons across that date partly reflect the change in disclosure, not only in activity.