New proposals could take the sting out of Sefs, say industry experts
The appearance of the Sef Clarification Act last month, coupled with a changing mood in Washington, DC, has given rise to a more positive outlook among e-commerce experts
Since the Dodd-Frank Act was signed into US law in July 2010, debate has raged about what the advent of swap execution facilities (Sefs) might mean for single-dealer electronic commerce platforms, particularly in the foreign exchange market.
In the original wording of Dodd-Frank, users of a Sef would be required to "have the ability to execute or trade swaps by accepting bids and offers made by
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