December 2016 Swaps Review
| Derivatives
ClarusFT's monthly review series looked at swaps trading across securities and currencies in December 2016, and found that IRS volumes for USD swaps were up 13%, while EUR, GBP and JPY swaps increased 28% from the previous year. Tradeweb remained the leading SEF for D2C activity in interest rate derivatives trading, with over 60% of volumes while D2D volumes reached 5.7%. December D2C volumes were driven by compression, which reached >$350 billion, making it the highest month for compression since June 2015 when volumes exceeded $290 billion.