ICE

The Global Leader in Cleared CDS Volume

ICE CDS Clearing*ICE Clear Credit**ICE Clear Europe***
IndexCorporate Single NamesSovereign Single NamesIndex OptionsIndexCorporate Single NamesSovereign Single NamesTotal
Instruments/Reference Entities**** 180621463,168---4,015
Number of Trades Cleared3,323,293 1,976,800 549,194 2,275 835,273922,344 39,3797,653,558
Gross Notional Cleared (trillion)$157.977$9.622$5.177$0.511€ 30.350€ 4.229 € 0.765 $216.373
Buy-side Notional Cleared (trillion)$113.502$3.123$1.671$0.438€ 3.347€ 0.073 € 0.010 $122.584
Open Interest (trillion)$0.972$0.531$0.171$0.019€ 0.000 € 0.000 € 0.000 $1.691
Clearing Members31031

*Comprehensive data from launch through August 9, 2024. CDS clearing began at ICE Clear Credit (formerly ICE Trust) in March 2009 and at ICE Clear Europe in July 2009. **Indices include North American, European (iTraxx) and Emerging Market (CDX) instruments. Corporate single names include both North American and European instruments. All indices and single names are available for both client and dealer-dealer clearing. ***Indices include North American and European (iTraxx) instruments. All indices are available for both client and dealer-dealer clearing. ****Instruments for indices/index options; Reference Entities for single names.

Note: ICE Clear Europe ceased CDS clearing October 2023.