Tag Archives: Javelin

Mandatory SEF Trading Does Not Equal Mandatory Electronic Trading

Forgive me if I’m stating the obvious for some of you, but I’ve had this conversation more than once and felt some clarity was in order here. As we work through the made available to trade (MAT) process, it’s important to reemphasize what actually will be required on mandatory SEF trading day 1. It all… Read More »

The Results are In: What parts of the rate curve should be mandated for trading first?

Earlier this week the first two made available for trading applications were made to the CFTC starting the clock ticking for mandatory SEF trading.  Those applications started a debate as to exactly how mandatory SEF trading should be phased in.  Should day 1 trading mandates only include the most liquid points on the rate curve,… Read More »

Roll Out the Welcome MAT

On Friday afternoon Javelin SEF filed the first made available-to-trade application with the CFTC (thanks Jamie for making us all scramble around on a Friday afternoon!).  This is great news.  The ball is rolling that will make SEF trading volumes finally matter.  But of course, as with everything derivatives reform, things are not yet cut and dry.… Read More »

SEF Surveillance

With so much focus on execution methods and block trade rules, little talk has been had about another SEF requirement: surveillance.  Keeping your market participants in line is no small task.  Here is what Javelin is doing to tackle the surveillance requirements.

Talking to the Swap Execution Facilities

I’ve spent the better part of the last year studying what will become the swap execution facility (SEF) market, how it will be regulated, its players, its impact on derivatives trading.  More recently I’ve had the pleasure of speaking with a number of the industry’s leaders in the space regarding the plans for their organizations… Read More »