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The SEF market is changing rapidly as 24 platforms compete for liquidity and try to differentiate themselves via IT and operational bells and whistles.
It’s been just over a year since swap execution facilities (SEF) inauspiciously opened for business on Oct. 2, 2013 – “A day that I’ll never forget,” in the words of one SEF operator present at the SEFCON V conference on Wednesday. Panelists at the event, sponsored by the Wholesale Markets Brokers’ Association, highlighted how far...
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