Aussie market clearing well ahead of April mandate

Largest onshore derivatives dealers already caught by US and European rules

Mandatory clearing for Australian dollar and G4 currency interest rate swaps kicked off on April 4
Mandatory clearing for Australian dollar and G4 currency interest rate swaps began on April 4

There has been no material increase in clearing volumes since the start of the Australian regulators' April 4 mandate, as dealers caught by the new rules had not only already moved away from bil