Institutional FX Trading Falls Double Digits in July – SEF Tracker Shows
Posted: Thu Aug 25, 2016 12:36 pm
FIA, a global trade organization for the futures, options and centrally cleared derivatives, has released its latest swap execution facility (SEF) tracker for July 2016, which showed a decrease in FX trading MoM relative to June 2016, as well as a slight shakeup in distribution.
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In terms of rates during July 2016, total trading averaged $354.5 billion per day, which was down -29.7% from June 2016, though actually higher YoY by a margin of 4.3% from July 2015.
FX Trading Volume Retreats
Looking at foreign exchange (FX) ... (read more)