CME Group said it set new monthly records for clearing both interest rate swaps and credit default swaps.

The operator of derivatives marketplaces said it cleared more than $45 billion in over the counter interest rate swaps and credit default swaps through its open clearing solutions since their launch.

For the month of September, the company cleared more than $35.5 billion in interest-rate swaps, compared to $1.2 billion in August.

The company also cleared $6.5 billion in credit-default swaps in September, compared to $287 million in August.

As of September 30, open interest stood at $34.2 billion in interest-rate swaps and $5.9 billion in credit-default swaps.

CME said it will start clearing Euro-denominated interest-rate swaps on October 17.

By year-end, CME Group will expand to interest-rate swaps in British points, Japanese yen, Swiss frances and Canadian dollars.

CME Group said it has 15 clearing members with approximately 500 customer accounts actively clearing trades.

A rival, IntercontinentalExchange, said its credit default swap clearing houses had cleared $20 trillion in gross notional value with aggregate open interest of $1.5 trillion, as of July 8, 2011.

ICE Trust operates in the United States. ICE Clear Europe operates in Europe.

The $20 trillion is a cumulative number, since both clearing houses’ inception.

ICE Trust began clearing credit-default swaps in March 2009. ICE Clear Europe started in July 2009.

CME cleared its first credit-default swaps in December 2010.

-- This article first appeared on Securities Technology Monitor.


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