Mixed Start for SEF Registrations

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While some SEFs have filed complete applications, others aren't doing so until later in the year.

The applications can be complicated and potentially arduous depending on the type of SEF and its own arrangements with external bodies. Over the past few weeks, a number of the major bodies have submitted their applications, with Bloomberg and Tradeweb chief among them, as announced recently. These firms, though, have benefited from already having existing ─ and operational ─ infrastructure and technology in place.

"Bloomberg is currently operating sophisticated, transparent trading platforms

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