SEF Infrastructure Unaffected by RFQ Rules Kerfuffle

Jeffrey Hogan at BGC Partners
Jeff Hogan, BGC

Survey results released by the International Swaps and Derivatives Association (ISDA) and the asset management arm of Sifma stirred up new bluster about the destructive possibilities of a proposed Commodity Futures Trading Commission (CFTC) requirement that derivatives traders executing on a swap execution facility (SEF) solicit requests for quotes (RFQs) from five dealers. The results show, starkly, that the buy-side hates the proposed rule, for a number of reasons. Enforcing it would force alt

To continue reading...