The first in a three part series of reports on SEFs by GreySpark’s Capital Markets Intelligence team – “SEFs: the Business Landscape” – was launched recently at a media roundtable event, which attracted key titles from buy-side and sell-side publications.
The main topics discussed by the media following this event focused on the impact of Dodd-Frank concerning the clearing of swaps, the top 12 out of 52 proposed SEFs examined, and which asset classes the vendor’s offerings will cover.
GreySpark partner Bradley Wood added: “With competition in the SEFs landscape heating up, we wanted to pull apart all the proposed offerings and establish which venues are actually going to support the banks and come out strongest. What was really critical in this research was looking at how the influx of SEFs and regulation will change market structure”.
Additionally the report found that all SEFs will support the requirement to handle unique product identifiers, unique swap identifiers and legal entity identifiers, rules which are designed to give regulators a better handle on what is happening in the market and that venues will offer the widest possible choice of clearing houses, either directly or through third party platforms.
Key coverage of the report appeared in the following outlets:
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