Transaction Dollar Volume by Participant Type (Millions of USD) (Double-Count) - 05/23/2025

Dollar Volume by Participant Type

	April 25	May 02	May 09	May 16	May 23
Total Interest Rate*	20,665,522	22,756,572	22,953,072	26,598,757	24,113,701
SDs and MSPs**	12,697,306	13,779,203	13,704,514	16,179,441	14,694,245
Other	7,968,215	8,977,369	9,248,558	10,419,316	9,419,456
Total Credit	995,211	1,032,931	989,798	1,431,012	1,062,861
SDs and MSPs	581,517	605,170	562,172	818,464	629,097
Other	413,694	427,761	427,627	612,548	433,765
Total FX	29,230,897	31,391,195	26,685,355	30,740,284	28,540,777
SDs and MSPs	21,826,075	23,118,788	19,854,411	22,550,189	20,873,682
Other	7,404,823	8,272,407	6,830,943	8,190,095	7,667,095
TOTAL	50,891,630	55,180,698	50,628,225	58,770,053	53,717,339

Weekly total, swap dollar volumes by asset class and participant type (value of all trades in millions of USD), all products and tenors, cleared and uncleared. For cleared swaps, the notional value for each of the two resulting swaps is attributed only to the counterparty facing the clearing organization (i.e., the clearing organization’s participation is not displayed). For uncleared swaps, the notional value of the swap is attributed to both swap counterparties. Only the notional values of market-facing trades are included in dollar volumes and trade events including compressions, terminations, amendments, and novations, are excluded. Because this table shows transactions by participant, the totals on this table are twice those displayed on the "Transaction Dollar Volume by Cleared Status" table.

* See Data Dictionary for asset class descriptions and Explanatory Notes for data sources.

** See Explanatory Notes for participant type descriptions.

The Commission requests feedback on the format and content of this CFTC Swaps Report table. Submit comments to [email protected].