Record turnover for clearing of short term fixed income derivatives
In August, the highest monthly turnover ever was cleared through the Nordic Exchange Stockholm. The daily turnover in FRAs amounted to 75 billion SEK in August, and to date, the total turnover this year has amounted to 10,000 billion SEK. That is more than the total turnover for all of last year. The daily turnover in treasury bills, another segment of the short fixed income market, has however decreased slightly in recent years and amounted to 9 billion SEK in August.”The increase on the FRA market compared to the slowdown of the market for treasury bills is a way for the market to