Fidessa’s Christian Voigt looks at why the MAT rule poses Sefs with a Catch-22.
There are currently 15 Swap Execution Facility applications
lodged with the US CTFC at various stages of registration.
With experience in other asset classes showing that while
many new entrants may emerge only a few will succeed, many in
the industry are wondering which of these new Sefs will make it
beyond their first birthday.
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