FXall looks to Sef licence to boost liquidity

flyingdollars

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

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 [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: