Trading volume on SEFs reached a record level of $1 trillion in average notional value per day during June 2019, up 22.9% from the previous month and up 28.4% from a year ago.
The record level of trading on SEFs was driven primarily by a surge of activity in interest rate derivatives. Trading of interest rate swaps and other non-FRA rates products was $529 billion per day in June, up 17.7% from May 2019 and up 33.7% from June 2018. FRA trading reached $377.9 billion in average daily trading in June, up 39.2% from the previous month and up 32.3% from a year ago.
FX trading in June also hit a record. Average daily notional value reached $64.5 billion, an increase of 7.3% from the previous month and 2.6% from June 2018.
Credit default swap trading averaged $33.7 billion per day in June, the second highest amount ever traded in any June.
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 the FIA 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.
