Two realities about new electronic swaps execution were painfully clear even before made available to trade (MAT) mandates officially went live for certain contracts earlier this year.
First, whatever regulators' intentions for swap execution facilities (SEFs), they would prove no panacea—and that has shown true as trading volumes have tapered.
This is, in part, because firms are still adjusting to the new paradigm, including higher mandatory margin and clearing costs, and market conditions. But
Anthony and James delve into how the systematic internalizer regime is shaping up, and then examine the regtech sector.Subscribe to Weekly Wrap emails
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