Sefs record FX volume uptick as buy side signs on
Volumes up for options and NDFs, says FIA
Swap execution facilities (Sefs) saw record weekly volumes in August for non-deliverable forwards (NDFs) and FX options trades, as the industry noted an uptick in interest from buy-side firms willing to sign up to Sefs to execute electronically rather than via voice.
The Futures Industry Association (FIA) Sef Tracker for August noted a jump in volume for both products, totalling $201 billion in the last week of the month – a record since it launched in January.
Interdealer brokers still lead the
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