Last month, I mentioned a Tabb online survey to gauge the market impact of SEFs here
The results have just been published, and key findings are:
- Most respondents expect SEFs to improve the swaps market
- Central Limit Order book for certain swaps products inevitable within 2 yrs
- SEF consolidation to start with two years, resulting in 3-4 SEFs per asset class
- SEFs and Clearing mandates, will drive many dealers to move to an agency -trading model for flow products
- 40% of respondents did NOT think SEFs would reduce systematic risk!
Full survey findings and report available here (ignore the price tag, it is free, if you register first)
Filed under: Dodd Frank, Regulation | Tagged: Dodd Frank, regulation, SEF |
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