Still insignificant. FX does trillions every day. Keep in mind these are derivatives. They need to clear 5T before they start to get CDS's under control.
ok i agree i know trillions flush in forex per day and that cds market could be bigger than worst roubini expectation of 3T just wannay say if someone starts to clear a market and during the first month he gets 70b, above expectation... than probably that market is "big" and very liquid imo a key technical news