Asia Risk Congress: Asian dealers switch to London venues following Sef introduction

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The implementation of the Commodity Futures Trading Commission's requirement that US persons move trades onto swap execution facilities (Sefs) in October has seen Asian firms shift their trades to London-based brokers, according to Frederick Shen, head of global treasury business management at OCBC Bank in Singapore.

Sefs went live on October 2 but only firms registered as US persons were compelled to execute their trades on these exchanges. Europe's equivalent rules on this subject have yet to

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