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
The founder and CEO of Imperative Execution looks at how trade execution is changing and what that means for the buy side.Subscribe to Weekly Wrap emails
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