Swaps Volume Rebounds After Switch To SEF Trading
The swap market has survived the transition to swap execution facilities (SEF). The final regulatory tool put in place by the Dodd-Frank act to rein in the $693 trillion over-the-counter (OTC) derivatives market became mandatory on February 15, and despite an initial drop in trade volume swaps have recovered in the weeks since then.
“Leading up to the February 15th deadline (Feb 26 for credit default swaps) there was concern in the marketplace about client and dealer preparedness as . . .
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