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Swap trading reforms hit the rocks as CFTC’s O’Malia recommends delay
O’Malia: delaying the October 2 SEF deadline makes sense Institutions are unlikely to be able to meet the 2 October deadline to register with a Swap Execution Facility for trading, as required under...
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“Problematic” US shutdown causes SEF blues at the EU
The EU is concerned about the impact of SEF rules on firms outside the US The European Commission has expressed concern that the US government shutdown is preventing a deal between the EU and US...
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No SEFs please, we’re bankers …
Despite the impending deadline, most firms are still not ready for the US SEF rules Most banks are still not ready for the arrival of Swap Execution Facilities, the new category of trading venues...
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Known Unknowns: preparing for SEF-traded FX options
“With respect to transactions involving swaps subject to the clearing requirement … counterparties shall … execute the transaction on a board of trade designated as a contract market … or execute the...
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Firms still struggling with SEFs for swaps trading says IPC survey
Trading firms are getting connected to SEFS Trading firms are still struggling with the Dodd-Frank requirement for certain swaps to be traded on registered Swap Execution Facilities. According to a...
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ICAP’s new London SEF targets OTC derivatives
ICAP’s Best: the new London SEF will compete on choice of execution ICAP has launched a swap execution facility in the UK, as part of a push to dominate both the European and the US OTC derivatives...
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Traiana expands SEF credit checking features on CreditLink
Traiana aims to make SEF pre-trade credit checks more efficient Pre-trade risk and post-trade processing specialist Traiana has launched a new version of its CreditLink tool for credit derivatives,...
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SEFs face reckoning with unintended consequences warns report
The introduction of SEFs has brought both benefits and higher costs from fragmentation, warns OpenLink Like opening Pandora’s box, the emergence of swap execution facilities in US derivatives markets...
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ISDA publishes new derivatives principles calling for changes to SEFs
O’Malia: more flexibility is needed on SEF models The International Swaps and Derivatives Association has published a set of derivatives trading principles, as part of an effort to get regulators...
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GMEX tech to underpin new swap execution facility, Seed SEF
New swap execution facility, Seed SEF, registered in the US Chicago-based swap execution facility, Seed SEF, has been granted full registration by the US Commodity Futures Trading Commission (CFTC). It...
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