FIA October 2022 SEF Tracker

Trading volume on swap execution facilities reached $742.2 billion in average notional value per day during October 2022. This was down 9.9% from the previous month and down 31.8% from the same month of the previous year. Trading was down in every sector.

Trading of interest rate swaps and other non-FRA rates products was $496.2 billion per day in October. This level was down 6.2% from September 2022 and down 43.5% from October 2021. FRA trading reached $134.3 billion in average daily trading in October. This amount of daily trading was down 19.8% from the previous month but up 34.1% from a year ago.

Credit default swap trading averaged $51.9 billion per day in October, the second largest level of daily trading for any October. Bloomberg’s market share increased to 68% and Tradeweb’s share decreased to 22.5%.

FX trading on SEFs reached $59.8 billion per day in October, the third highest amount recorded for any October but a decrease of 1.1% from the previous month. Tullett Prebon had the largest share of the trading volume with 31.6%. BGC had the second highest share with 23.1%.

Overview: Recent trading activity for interest rate derivatives, credit default derivatives and foreign exchange derivatives on swap execution facilities in the US.

Comparison Table: Monthly data on trading activity at each swap execution facility, with separate tables for interest rate derivatives, credit default derivatives, and foreign exchange derivatives.

Historical Volume: Monthly volume on SEFs in three asset classes: interest rates, credit and foreign exchange as well as ranking of volume by asset class and ranking of SEFs by volume.

Rates Monthly Volume: Based on trading of foreign exchange derivatives on SEFs in the US, the visualizations include monthly volume, volume ranked by currency, volume for each SEF and market share for each SEF.

Credit Monthly Volume: Based on trading of foreign exchange derivatives on SEFs in the US, the visualizations include monthly volume, volume ranked by index name, volume for each SEF and market share for each SEF.

FX Monthly Volume: Based on trading of foreign exchange derivatives on SEFs in the US, the visualizations include monthly volume, volume ranked by quote currency, volume for each SEF and market share for each SEF.

FIA SEF Tracker

FIA publishes three other data products: the FCM Tracker, which provides insights on the financial condition of futures commission merchants in the US; the CCP Tracker, which provides quarterly data on risk exposures at derivatives clearinghouses; 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