FIA Releases SEF Tracker Report For October

In the month of October, trading volume on swap execution facilities averaged $430.17 billion per day, the highest monthly total since June. Rates trading averaged $363.76 billion per day, up 6.0% from September and up 15.2% from October 2014, driving mainly by an increase in the trading of forward rate agreements. In credit, an average of $33.24 billion was traded per day in October, down 14.1% from September but the highest amount so far this year for a non-roll month. In foreign exchange, non-deliverable forwards and FX options volume averaged $33.16 billion per day in October, down 4.2% from the previous month and down 16.3% from the year-ago month.