Total trading volume on SEFs averaged $593.1 billion in notional value per day during the month of November, up 12.1% from the previous month and up 27.4% from November 2016. The increase in trading volume was driven mainly by a rise in on-SEF trading of interest rate swaps, which was up 13.3% from October 2017 and 31.1% from November 2016.
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