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Total trading volume on SEFs averaged $550 billion in notional value per day during December 2018. That was down 11.6% percent from the previous month but up 19.2% from December 2017. Credit default swap trading averaged $34.3 billion per day in December, almost three times the amount traded in December 2017 and the highest amount traded in any December since FIA began reporting SEF data in 2014. Trading of FX products continued at a high level; FX trading in December reached $49.8 billion in average daily notional value, the lowest amount for the year, but still higher than any month prior to 2018. Trading of interest rate swaps was down 11.2% from November 2018 but up 13.3% from December 2017. IRS trading on dealer-to-customer platforms, excluding forward rate agreements, reached $223.4 billion per day in December, the highest level of the year. In contrast, IRS trading on dealer-to-dealer platforms, excluding forward rate agreements, fell to $137.7 billion per day in December, the second lowest total of the year. Overview Dashboard: a high-level view of monthly volume trends and year-to-date SEF market share.
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FIA publishes two other data products: the FCM Tracker, which provides insights on the financial condition of futures commission merchants in the U.S., and a monthly report on exchange-traded derivatives volume and open interest.
