Record rise in concentration at top CCPs leads to all-time high

Median top-five member open position concentration rises 2.4pp in Q4

The median proportion of open positions held by the five largest clearing members at global central counterparties (CCPs) rose to 51.72% in the fourth quarter – the highest since at least 2015.

The measure was up 2.36 percentage points compared with three months prior, making it the biggest quarter-on-quarter growth on record.

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