FIA: March 2017 SEF Tracker Data Shows Record Level Of Trading Activity

Total trading on SEFs averaged $752.26 billion per day during the month of March, the highest daily average for any month since FIA began tracking these data in January 2014. March's average daily trading volume was up 30.4% from February and 59.8% from March 2016.  The increase in trading volume was driven mainly by a surge in on-SEF trading of interest rate swaps and other non-FRA products. Rates trading averaged $665.20 billion per day in March, which was up 29.7% from February and 70.5% from March last year. This high increase in interest rates trading was strongly impacted by trueEX, which jumped from having 2.66% market share in February to 21.85% in March.

Note: the total amount of trading for the entire month also set a record, with total monthly volume up 49.9% from February 2017 and 59.8% from March 2016.

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

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