SEFs prepare for build-out

摘要

Swap execution facilities in the US are poised to build out their trading functionalities and launch products in the early stages of 2015 in an effort to stay relevant in the soon-to-consolidate market that will eventually encompass the bulk of the US$693trn over-the-counter market. tradition, one of five major inter-dealer brokers in the rates market, intends to build out an electronic request-for-quote system for interest rate swaps in the early stages of 2015, though company officials said they do not have a specific timeline.