ISDA 's quarterly interest rate benchmark review showed volume in IRDs referencing SONIA , SONIA , SARON and TONA totalled $ 2.5tn in Q3 , and accounted for 3.6% of total IRD traded notional, up from $ 1.8tn in Q3 . The trade count increased to 3,704 from 2,934 in Q2 . SONIA traded notional increased by 34.7% to $ 2.3tn , trade count at 3,704 was 39.5% higher. Please refer to the section on cookies in our Website Privacy Policy for a description of how we use cookies. SOFR traded notional increased by 25.4.% totalling $ 41.7tn but remained small at just 0.2% of total IRD traded. IBOR-linked IRD traded notional totalled $ 40.3tn during Q3 , accounting for 58.4% of total IRD notional traded compared with $ 41.7tn in Q2 . Relevant document: Interest Rate Benchmarks Review Q3 year and year to 30-Sept-19 ~ ISDA ~ October 2019
ISDA 's quarterly interest rate benchmark review showed volume in IRDs referencing SONIA , SONIA , SARON and TONA totalled $ 2.5tn in Q3 , and accounted for 3.6% of total IRD traded notional, up from $ 1.8tn in Q3 . The trade count increased to 3,704 from 2,934 in Q2 . SONIA traded notional increased by 34.7% to $ 2.3tn , trade count at 3,704 was 39.5% higher. SOFR traded notional increased by 25.4.% totalling $ 41.7tn but remained small at just 0.2% of total IRD traded. IBOR-linked IRD traded notional totalled $ 40.3tn during Q3 , accounting for 58.4% of total IRD notional traded compared with $ 41.7tn in Q2 . Relevant document: Interest Rate Benchmarks Review Q3 year and year to 30-Sept-19 ~ ISDA ~ October 2019