The European SEFs: How OTFs will Change the European Marketplace

OTFs will debut along with Mifid II in January 2018, offering special trading venues where derivatives will be subjected to increased levels of pre-and post-trade transparency. 

SEFs vs. OTFs

In October 2013, in the wake of the Dodd–Frank Wall Street Reform and Consumer Protection Act, which entered the statute books some three years earlier, the US markets were introduced to swap ex