The introduction of the Sef rules in the States has boosted swaps futures trading
The US mandate that interest rate
swaps must trade on electronic facilities has resulted in a
significant rise in demand for Eris Exchange’s
swap futures products, writes Joe Parsons.
New York-based Eris Exchange said
open interest for its USD interest rate swap futures products
surpassed $10bn in notional value, equivalent to 100,000
contracts, on Friday, February 21, 2014, just days after the
first day of mandatory trading on swap execution facilities
(Sefs) in the US.
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