The Futures Industry Association (FIA) has announced the launch of its swap execution facilities (SEF) Tracker, a periodically released report detailing the trading activity placed on SEFs, interest rates, fx, and credit, according to an FIA statement.
US-based FIA is an industry advocacy and educational organization that provides support for domestic regulatory affairs. The new SEF tracker report will be released on a monthly basis initially, slated for a higher frequency in the near future. Across the aforementioned asset-classes, the SEF tracker report will include the statistics on trading volumes, coupled with charts showing volume trends over time. This will also coincide with statistics for similarly offered financial products that are registered on the Commodity Futures Trading Commission (CFTC).
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SEF Tracker Report Will Aim To Educate And Foster Transparency Across Asset-Classes
According to FIA President and Chief Executive Officer Walt Lukken, in a recent statement on the launch of the report, “our SEF Tracker reports will complement a growing number of sources of information about trading activity on these new trading venues. We hope our reports will contribute to greater understanding of the dynamic changes taking place in today’s derivatives marketplace.”
The FIA presently collects myriad data on volumes across nearly 80 derivatives exchanges globally. The SEF Tracker report is its newest initiative towards this aim that will ultimately lead to more transparent volume reporting on several financial instruments. With regards to retail forex, volume reporting has long been a shortcoming of the industry, namely as there exists no centralized mechanism towards this aim. With the forex industry and the overall financial industry under siege from a series of debilitating probes, a call for more transparent reporting is exactly what is needed to combat the lingering specter of corruption.