Search
 

First SEF up and Running

Bloomberg's swap execution facility went live on October 2.

By Treasury & Risk Staff | Updated on October 03, 2013

Trading started yesterday on Wall Street’s first swap execution facility (SEF). A SEF is a new type of derivative-trading platform designed by the Commodity Futures Trading Commission (CFTC) to compete with banks and with futures exchanges. The goal is to increase transparency in the market by making derivatives prices publicly available.

Bloomberg reports that in its first day, the SEF handled more than 100 trades, conducted by more than 50 companies around the world. The value of the trades—which included interest rate swaps, credit default swaps, foreign exchange swaps, and commodity derivatives—totaled more than $6 billion.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2024 ALM Global, LLC. All Rights Reserved.