Single-Dealer Platforms Not Dead as Banks Shape Up for SEFs
An effective single-dealer platform (SDP) is the solution for banks seeking to respond to the continuing fragmentation of the market amidst more stringent regulation of over-the-counter (OTC) markets, according to Paul Caplin, founder and CEO of web trading company Caplin Systems.
Swap execution facilities (SEFs) in the US and organized trading facilities (OTFs) in Europe are set to shift liquidity onto multiple centralized trading venues in the near future, and Caplin says that this has
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