Swap execution facility
Platform says FCA encouraged UK interdealer brokers to seek QMTF designation
“Historical relationships” will make it difficult for prop traders and others to make markets on Sefs, says the chairman of the Futures Industry Association’s principal traders group
More Swap execution facility articles
Two-speed reforms in the US and Europe have broken the swap market, participants claim, with US persons being shunned by foreign counterparties that want to avoid Dodd-Frank Act rules. That leaves US firms with a shallower pool of liquidity in some currencies....
After realising an overhaul of its Sef-equivalence framework was needed, the CFTC told European platforms not to apply. At the same time, the FCA was working through rules with UK venues
Buy-side firms claim dealers stand to benefit from the division of OTC markets into US and non-US persons; all-to-all trading cannot exist until the break is closed
A new survey from Isda shows end-users are pessimistic about rules requiring the use of swap trading platforms, and also believe the lag between US and European implementation has split liquidity along geographic lines
In response to industry fears of a collateral crunch, regulators have revised the proposed rules on margining for uncleared over-the-counter (OTC) derivatives.You can find out more by downloading this white paper here.
Hong Kong, 1st - 31st Dec 2014
UK, 18th Mar 2015
Australia, 12th - 13th Aug 2014
Australia, 14th Aug 2014
USA, 20th - 21st Aug 2014