Credit default swaps trading volume
Credit default swaps are traditionally traded Notional amount: The amount of credit risk being transferred. 3 Sep 2009 The credit default swap (CDS) market has grown much faster than notional volumes have fallen remarkably as a result of trade compression. Let’s start with a chart breaking out CDX and single-name credit default swaps (CDS) by clearing house. Figure 1 shows: Cumulative volume of $3.5 trillion gross notional in the past four months, of which the majority is CDS index ($3 trillion), and monthly volume ranging from $700 billion to $1 trillion.