Swap execution facility (Sef)
SpectrAxe fires up OTC FX options Clob
Go-live marks first electronic all-to-all venue for buy-siders trading the instruments
Sef rule reform needs to be targeted: CFTC official
The Sef revamp should continue post-Giancarlo, says Rostin Behnam, but targeted changes would be better than a total rewrite
Giancarlo admits he might not finish Sef rules
CFTC chairman says his successor may have to finish regulation
More platform deals to come, says consultancy
FX specialist consultant Javier Paz says smaller venues may seek larger owners over the next two years
EU and US regulators agree on margin equivalence
As the regulators take a common approach, Mifid II-regulated venues look set to be exempt from Sef registration requirements
On-Sef FX trading hits September high
FIA reports a 32% leap in volumes since August
Bats moves to acquire Javelin SEF
The planned acquisition signals the exchange operator's aggressive push to include non-spot FX instruments among its product offerings
On-Sef FX volumes slump to year lows in December
End-of-year numbers down a quarter from the highs of March
CFTC grants registration to 18 Sefs
With the process nearly complete, the CFTC can focus on fine-tuning the Sef rules
Trading volumes off post-RMB devaluation highs
While volumes were down on most platforms, currency pairs such as the USD/RUB and USD/CNY saw an uptick in trading
First on-Sef NDF cleared by ForexClear
The LCH.Clearnet-owned platform clears the first on-Sef non-deliverable forward between Virtu and Societe Generale
Trading volumes surge in August
FX trading platforms see rising volumes in August as the return of volatility spurs activity
Thomson Reuters Sef to offer NDF clearing
Clients trading on the FXall platform will have the option of clearing their on-Sef non-deliverable forwards orders
Sefs face uncertain future amid regulatory delays
Basel III could be the next trigger, but costs are mounting
Sef-traded NDFs grow, but less than 20% of overall flows
NDFs traded on-Sef rose by 20% in March, according to FIA, but overall share of volumes remains small
Buy side joins calls for delay to NDF Sef trading
NDF trading should not begin on Sefs until rates and credit issues are resolved, say market participants at Risk USA
Would-be Sefs fear ability to access market
On-Sef FX dominated by just five providers, and start-up costs are high
Sefs record FX volume uptick as buy side signs on
Sefs top $200 billion of FX volume in one week to mark one-year anniversary
US court orders Sef-registration rethink
CFTC forced to perform cost-benefit analysis of various Dodd-Frank provisions
No end in sight for Sef confirmation struggles
Nearly 12 months after the last Sef was issued, the CFTC finally offers clarification, which splits opinion
No Sef clarity required for chatroom trading
SuperDerivatives' claim that more clarity is needed by the CFTC on footnote 88 is dismissed by one US-based platform