Key move over OTC swaps trading (Financial Times)

A key area of contention surrounding SEFs is the issue of request for quote systems, which are used by customers who seek to buy or sell a swap price with specific dealers or via platforms such as Tradeweb.

Under the CFTC’s proposed rules, RFQs are required to be sent to at least five other market participants which in effect breaks the single-dealer platform model that has existed for many years. Click here for the full story.

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