Tabb SEF barometer – Survey results now available!


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)

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