On-Sef FX volumes slump to year lows in December
End-of-year numbers down a quarter from the highs of March
Volumes of FX transactions on swap execution facilities (Sefs) fell in December to their lowest level of the year, according to the FIA's Sef Tracker.
Average daily volumes traded at $29.3 billion in December, reaching levels unseen since July 2014. The figures were 24% lower than in March, the most active trading month of 2015, for on-Sef FX when volumes peaked at $38.5 billion.
The lows of December reflect the dips in both categories of FX instruments traded on-Sef, non-deliverable forwards
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