There are over 20 swap platforms in the US which is fragmenting liquidity
The chief executive of a fast-growing US
swap trading platform has predicted this year rapid
consolidation in a market that has proliferated in the past two
Sunil Hirani, chief executive of trueEX,
told FOW.com said he expects volumes traded on the new breed of
US swap execution facilities to increase over time and
concentrate among a handful of platforms.
There are currently over 20 so-called Sefs
in the US, which has frustrated trading firms who argue the
sheer number of platforms is fragmenting liquidity.
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