JP Morgan cleared swaps balloon $8trn in Q1
Total G-Sib cleared notionals climb 23% in three months to end-March
JP Morgan grew its cleared swaps book by 39% to a notional $30 trillion in size in the first three months of 2019, as the largest US banks hiked volumes after a year-end cull.
The eight US global systemically important banks (G-Sibs) increased their cleared derivatives notionals over their end-2018 amount by 23% to $118 trillion, according to bank systemic risk reports.
JP Morgan continues to boast the largest cleared swaps book by notional amount. Cleared trades made up 54% of its total
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