Bloomberg and UBS clash over Sef aggregation

UBS claims terminal giant's Sef has "impartial access issues"

UBS offices in New York

Bloomberg and UBS clashed yesterday over attempts by the Swiss bank to provide clients of its Neo trading platform with access to Bloomberg's swap execution facility (Sef) – with UBS claiming that Bloomberg is refusing to support the introducing broker service on its execution venue.

The dirty linen was aired during a panel discussion at the Sefcon event in New York as participants debated the lack of buy-side participation in central limit order books (Clobs), one of two trading modes that all

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