This blog covers the volumes of FX derivatives (FXD) in Q1 2026, following on from our prior blog on Q4 2025 FXD volumes. Key takeaways Q1 2026 saw record notional volumes for all five cleared FXD products (non-deliverable FX forwards (NDFs), FX options, FX forwards, non-deliverable FX options (NDOs), and spot FX) and for SDR-reported NDFs and […]