FXall looks to Sef licence to boost liquidity

Institutional foreign exchange platform FXall expects to win liquidity from single-bank platforms that don't qualify as swap execution facilities (Sefs) under the US Dodd-Frank Act, according to its chief executive Phil Weisberg.

In an exclusive interview with FX Week, Weisberg confirmed FXall will apply for Sef status and is likely to be successful, in contrast to the multitude of bank-owned single-dealer platforms, whose structures make them less likely to qualify as Sefs.

"There are ownership