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 […]
Tag: SEF
Barclays Capital Rolls Out Electronic Credit Default Swaps Trading (Wall Street Journal)
Execution and clearing mandates for OTC derivative trades are still nearly a year a way by my estimates, but the Street is already getting ready. While Deutsche Bank and Bluemountain Capital executed CDS trades through Tradeweb and cleared via the CME and ICE, Barclays was busy rolling out its new electronic CDS trading product for […]
SEF Panel at TabbFORUM Derivatives Event – January 25, 2011 (Video)
SEC to propose rules for swap trading platforms (Reuters)
The SEC is set to release its SEF rules tomorrow, Feb 2, 2011, and only a small few details are floating around. Since they will be overseeing the less liquid single name CDS market I’d suspect they’ll focus more on the RFQ model than order book trading. My comments in the article, saying essentially, we […]
Conversation with Chris Ferreri of ICAP on becoming a SEF
Conversation with Jamie Cawley, CEO of Javelin SEF
Conversation with Rick McVey, CEO of MarketAxess – SEFs and Credit Trading
A conversation with Eris Futures CEO Neal Brady
The New SEF Rules: My conversation with the CEO of TradeWeb
The Impending CFTC SEF Proposal: What you need to know and why
Also posted at TabbForum.com By opting for a prescriptive rather than a rules-based approach in regulating the OTC derivatives market, the CFTC is set to write the wrong prescription for swap execution facilities (SEF). A major tenet of Dodd-Frank is to “promote pre-trade price transparency in the swaps market.” Through the rule-writing process, both the […]