FIA: December 2020 SEF Tracker Now Available

Trading volume on SEFs reached $442.8 billion in average notional value per day during December 2020. Trading was down in every category.

Trading of interest rate swaps and other non-FRA rates products was $290.7 billion per day in December, down 5.8% from November 2020 but up 7.1% from December 2019. FRA trading reached $83.2 billion in average daily trading in December, the lowest amount ever recorded; FRA trading was down 47.8% from the previous month and down 28.7% from a year ago.

Credit default swap trading averaged $18.2 billion per day in December, down 39.4% from November and the lowest amount recorded for any December since 2017. Bloomberg’s market share increased to 75.6% while Tradeweb’s share decreased to 15%.

FX trading on SEFs reached $50.7 billion per day in December, a decrease of 8.7% from the previous month but a 2.8% increase from December 2019. Tullett Prebon had the largest share of the trading volume, with 30.1%, followed by BGC with 23.2%.

Overview Dashboard: a high-level view of monthly volume trends and year-to-date SEF market share.

In-Depth Dashboard: a closer look at volume and market share information in each asset class.

Please contact our help desk if you have any questions about this service.

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. FIA provides these data products as a service to its members and as part of its mission to promote better understanding of the global derivatives markets.