Banks try to standardise Sef sign-up for clients

With new rules set to increase use of trading platforms, a group of banks is trying to replace inefficient, manual approval processes with something quicker and easier. By Clive Davidson

Post-crisis changes to the structure of over-the-counter derivatives markets are forcing banks to roll up their sleeves for a host of unglamorous, but essential, chores. Few are less glamorous, or more important, than updating what’s known as trading enablement – the process through which dealers accept a client’s request to start using a given electronic platform.

“Over the past 10 years or so, nearly all investment in electronic trading has been around the execution of the trade and not around