How to Spell the Future of 'SEF'? Aggregation and Consolidation
Swap execution facilities (SEFs), mandated by the Dodd–Frank Act, remain an open mystery ahead of their impending introduction to the US swaps market later this year. Yet firms are devoting considerable resources to develop the necessary connectivity and innovative features to attract clients.
Even once the rules are locked in, the market will continue to evolve, appearing very different a few years from now, with much of that future shaped by technology implementation and, in the case of single
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