Brokers at loggerheads over Sef volume data

Published FX Sef data can be disingenuous, say Sefs

Energy Risk special report - Reporting

The lack of an industry-wide standard on reporting daily traded volumes on swap execution facilities (Sefs) has caused some market participants to question whether the amount of liquidity is being overstated on some venues. This in turn has led to concerns about the quality of currently available numbers.

Since the start of Sef trading in October last year, registered trading platforms have been publishing their own traded volumes figures, but without consistent guidelines that apply to all trad