Bloomberg Sef success leads to fee criticism

- By Peter Madigan
- 27 Jun 2014

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

For $10, you can buy a nine-piece chicken bucket at KFC, a MetroCard worth four bus or subway rides in New York, a month's worth of cloud data storage or – if you happen to have a Bloomberg terminal – an interest rate swap of any notional size or maturity.

Admittedly, this is only Bloomberg's per-trade cost – users need to pay a bid-offer spread as well, with clearing costs on top – but it is a tiny fraction of the fees charged by rival swap execution facilities (Sefs), which typically vary

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact info@risk.net to find out more.

You are currently unable to copy this content. Please contact info@risk.net to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@risk.net

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@risk.net