Quarterly Metrics Report

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					                  Quarterly Metrics Report



This report has been cleared for public display by the OMG. This report should not be sent to any third party, or used in any other report without
                 the prior permission of Markit. We and our employees do not and will not, by virtue of this report or otherwise,
                            assume any responsibility whether in contract, negligence or otherwise to any third party.




                                                 Quarterly Trend Report December 2008                                                                1
Credit Derivatives
                                               Monthly Deal Volumes
35000

30000

25000

20000

15000

10000

 5000

   0
        Dec-06 Feb-07   Apr-07    Jun-07    Aug-07 Oct-07    Dec-07 Feb-08    Apr-08   Jun-08   Aug-08 Oct-08   Dec-08

                                 Average Total Deal Volume         Median Total Deal Volume



                                           Quarterly Trend Report December 2008                                      2
Credit Derivatives
                                   Electronic and Non-Electronic Volumes
30000


25000


20000


15000


10000


 5000


   0
        Dec-06 Feb-07    Apr-07   Jun-07 Aug-07 Oct-07 Dec-07 Feb-08         Apr-08   Jun-08 Aug-08 Oct-08 Dec-08


                        Average Electronically Confirmed        Average Not Electronically Confirmed



                                         Quarterly Trend Report December 2008                                   3
Credit Derivatives
                                Electronic Volume as a % of Total Volume
100%

 98%

 96%

 94%

 92%

 90%

 88%

 86%

 84%

 82%

 80%
       Dec-06 Feb-07   Apr-07   Jun-07    Aug-07 Oct-07    Dec-07 Feb-08     Apr-08   Jun-08      Aug-08 Oct-08   Dec-08

                          Weighted Average Electronically Confirmed as a % of Total Deal Volume



                                         Quarterly Trend Report December 2008                                          4
Credit Derivatives
                          Electronically Eligible Volume as a % of Total Volume
100%

 98%

 96%

 94%

 92%

 90%

 88%

 86%

 84%

 82%

 80%
       Dec-06 Feb-07    Apr-07   Jun-07    Aug-07 Oct-07     Dec-07 Feb-08     Apr-08    Jun-08   Aug-08 Oct-08   Dec-08

                       Weighted Average Electronically Eligible Deal Volume as a % of Total Deal Volume



                                          Quarterly Trend Report December 2008                                         5
Credit Derivatives
                       Electronically Confirmed as a % of Electronically Eligible
100%

 98%

 96%

 94%

 92%

 90%

 88%

 86%

 84%

 82%

 80%
       Dec-06 Feb-07   Apr-07   Jun-07    Aug-07 Oct-07    Dec-07 Feb-08      Apr-08    Jun-08   Aug-08 Oct-08   Dec-08

                        Weighted Average Electronically Confirmed as a % of Electronically Eligible



                                         Quarterly Trend Report December 2008                                         6
Credit Derivatives
                                          Outstanding Confirmations
12000


10000


 8000


 6000


 4000


 2000


   0
        Dec-06 Feb-07   Apr-07   Jun-07 Aug-07 Oct-07 Dec-07 Feb-08        Apr-08   Jun-08 Aug-08 Oct-08 Dec-08

            Average Total Outstanding Confirmations       Average Outstanding Confirmations aged over 30 days



                                        Quarterly Trend Report December 2008                                    7
Credit Derivatives
                                          Business Days Outstanding
 1.2


 1.0


 0.8


 0.6


 0.4


 0.2


 0.0
       Jan-08   Feb-08     Mar-08   Apr-08    May-08    Jun-08   Jul-08   Aug-08    Sep-08    Oct-08   Nov-08   Dec-08

                         Average Business Days worth of Outstanding Confirmations aged over 30 days



                                        Quarterly Trend Report December 2008                                             8
Credit Derivatives
                               Volume of Pre-Netted and Post-Netted Settlements
350000

300000

250000

200000

150000

100000

 50000

    0
         Sep-05       Jan-06    May-06     Sep-06    Jan-07   May-07     Sep-07    Jan-08    May-08     Sep-08

                  Average Number of Pre-netted Settlements        Average Number of Post-netted Settlements
                  Median Number of Pre-netted Settlements         Median Number of Post-netted Settlements



                                          Quarterly Trend Report December 2008                                   9
Equity Derivatives
                                               Monthly Deal Volumes
9000

8000

7000

6000

5000

4000

3000

2000

1000

  0
       Dec-06   Feb-07   Apr-07   Jun-07   Aug-07   Oct-07    Dec-07   Feb-08   Apr-08   Jun-08   Aug-08   Oct-08   Dec-08

                                  Average Total Deal Volume        Median Total Deal Volume



                                           Quarterly Trend Report December 2008                                         10
Equity Derivatives
                                      Electronic* and Non-Electronic Volumes
8000

7000

6000

5000

4000

3000

2000

1000

  0
       Dec-06   Feb-07    Apr-07     Jun-07    Aug-07     Oct-07    Dec-07     Feb-08    Apr-08     Jun-08    Aug-08     Oct-08    Dec-08

                         Average Electronically Confirmed                 Average Not Electronically Confirmed

  *Please note that Electronically Confirmed includes non-eligible trades that are processed electronically through bilateral provision.



                                              Quarterly Trend Report December 2008                                                         11
Equity Derivatives
                                     Electronic Volume* as a % of Total Volume
100%
 90%
 80%
 70%
 60%
 50%
 40%
 30%
 20%
 10%
  0%
       Dec-06 Feb-07       Apr-07     Jun-07    Aug-07 Oct-07        Dec-07 Feb-08        Apr-08     Jun-08    Aug-08 Oct-08        Dec-08

                                Weighted Average Electronically Confirmed as a % of Total Deal Volume
 *Please note that Electronically Confirmed includes non-eligible trades that are processed electronically through bilateral provision.


                                               Quarterly Trend Report December 2008                                                       12
Equity Derivatives
                             Electronically Eligible Volume as a % of Total Volume
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
 0%
       Dec-06   Feb-07    Apr-07     Jun-07    Aug-07     Oct-07    Dec-07     Feb-08     Apr-08     Jun-08    Aug-08     Oct-08   Dec-08

                         Weighted Average Electronically Eligible Deal Volume as a % of Total Deal Volume
          *Please note that the specifications of the electronic eligibility reporting criteria were altered in November 2008.


                                              Quarterly Trend Report December 2008                                                     13
Equity Derivatives
                       Electronically Confirmed as a % of Electronically Eligible
100%

 90%

 80%

 70%

 60%

 50%

 40%

 30%

 20%

 10%

 0%
       Dec-06 Feb-07   Apr-07   Jun-07    Aug-07 Oct-07    Dec-07 Feb-08      Apr-08    Jun-08   Aug-08 Oct-08   Dec-08

                        Weighted Average Electronically Confirmed as a % of Electronically Eligible



                                         Quarterly Trend Report December 2008                                        14
Equity Derivatives
                 G16 Electronically Confirmed as a % of Electronically Eligible
100%
 90%
 80%
 70%
 60%
 50%
 40%
 30%
 20%
 10%
 0%
       Jul-07   Sep-07      Nov-07       Jan-08       Mar-08       May-08         Jul-08      Sep-08   Nov-08


                         Average G16 Electronically Confirmed as a % of Electronically Eligible



                                     Quarterly Trend Report December 2008                                       15
Equity Derivatives
                                            Outstanding Confirmations
6000


5000


4000


3000


2000


1000


  0
       Dec-06   Feb-07   Apr-07   Jun-07   Aug-07   Oct-07   Dec-07   Feb-08   Apr-08   Jun-08   Aug-08   Oct-08   Dec-08

            Average Total Outstanding Confirmations          Average Outstanding Confirmations aged over 30 days



                                           Quarterly Trend Report December 2008                                        16
Equity Derivatives
                                          Business Days Outstanding
 4

3.5

 3

2.5

 2

1.5

 1

0.5

 0
      Jan-08   Feb-08   Mar-08   Apr-08    May-08    Jun-08    Jul-08   Aug-08   Sep-08    Oct-08    Nov-08   Dec-08

                        Average Business Days worth of Outstanding Confirmations aged over 30 days



                                       Quarterly Trend Report December 2008                                            17
Interest Rate Derivatives
                                                Monthly Deal Volumes
25000



20000



15000



10000



 5000



   0
        Dec-06   Feb-07   Apr-07   Jun-07   Aug-07   Oct-07    Dec-07   Feb-08   Apr-08   Jun-08   Aug-08   Oct-08   Dec-08

                                   Average Total Deal Volume        Median Total Deal Volume



                                            Quarterly Trend Report December 2008                                         18
Interest Rate Derivatives
                                   Electronic and Non-Electronic Volumes
16000

14000

12000

10000

 8000

 6000

 4000

 2000

   0
        Dec-06 Feb-07    Apr-07   Jun-07 Aug-07 Oct-07 Dec-07 Feb-08         Apr-08   Jun-08 Aug-08 Oct-08 Dec-08

                        Average Electronically Confirmed        Average Not Electronically Confirmed



                                         Quarterly Trend Report December 2008                                  19
Interest Rate Derivatives
                                  Electronic Volume as a % of Total Volume
100%

90%

80%

70%

60%

50%

40%

30%

20%

10%

 0%
       Dec-06   Feb-07   Apr-07   Jun-07   Aug-07   Oct-07   Dec-07   Feb-08   Apr-08   Jun-08   Aug-08   Oct-08   Dec-08

                            Weighted Average Electronically Confirmed as a % of Total Deal Volume



                                           Quarterly Trend Report December 2008                                        20
Interest Rate Derivatives
                            Electronically Eligible Volume as a % of Total Volume
100%

90%

80%

70%

60%

50%

40%

30%

20%

10%

 0%
       Dec-06   Feb-07   Apr-07   Jun-07    Aug-07   Oct-07   Dec-07    Feb-08   Apr-08    Jun-08   Aug-08   Oct-08   Dec-08

                         Weighted Average Electronically Eligible Deal Volume as a % of Total Deal Volume



                                           Quarterly Trend Report December 2008                                           21
Interest Rate Derivatives
                       Electronically Confirmed as a % of Electronically Eligible
100%

 90%

 80%

 70%

 60%

 50%

 40%

 30%

 20%

 10%

 0%
       Dec-06 Feb-07   Apr-07   Jun-07    Aug-07 Oct-07    Dec-07 Feb-08      Apr-08    Jun-08   Aug-08 Oct-08   Dec-08

                        Weighted Average Electronically Confirmed as a % of Electronically Eligible



                                         Quarterly Trend Report December 2008                                        22
Interest Rate Derivatives
                    G16 Electronically Confirmed as a % of Electronically Eligible
100%

90%

80%

70%

60%

50%

40%

30%

20%

10%

 0%
       Apr-07   Jun-07   Aug-07    Oct-07      Dec-07     Feb-08      Apr-08     Jun-08      Aug-08   Oct-08   Dec-08


                          Average G16 Electronically Confirmed as a % of Electronically Eligible



                                      Quarterly Trend Report December 2008                                         23
Interest Rate Derivatives
                                         Outstanding Confirmations
9000

8000

7000

6000

5000

4000

3000

2000

1000

  0
       Dec-06 Feb-07   Apr-07   Jun-07 Aug-07 Oct-07 Dec-07 Feb-08        Apr-08   Jun-08 Aug-08 Oct-08 Dec-08

           Average Total Outstanding Confirmations       Average Outstanding Confirmations aged over 30 days



                                       Quarterly Trend Report December 2008                                    24
Interest Rate Derivatives
                                          Business Days Outstanding
3.5

 3

2.5

 2

1.5

 1

0.5

 0
      Jan-08   Feb-08   Mar-08   Apr-08    May-08    Jun-08    Jul-08   Aug-08   Sep-08    Oct-08    Nov-08   Dec-08

                        Average Business Days worth of Outstanding Confirmations aged over 30 days



                                       Quarterly Trend Report December 2008                                            25