On-Sef FX trading hits September high
FIA reports a 32% leap in volumes since August
With an average daily turnover of $40.6 billion, the trading of foreign exchange instruments on swap execution facilities (Sef) reached an all-time high in September, according to the FIA's Sef tracker.
The high was only surpassed in September 2014 ($40.81 billion), during the first year of Sef trading.
The 32% jump in volumes since August ($30.73 billion) and 17% increase since September 2015 ($34.63 billion) stems from the robust trading of options on facilities.
Options accounted for nearly
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