Swap Execution Facility

Jim Downs: Connamara – and the Markets – a Year Later

by Sarah Rudolph | Mar 17, 2020

Connamara’s CEO Jim Downs discusses what’s new at the company since we spoke with him at FIA Expo last year. It turns out it’s a lot.

A MIAX Equities Exchange and the CFTC Connection: A Few More Words on LedgerX

by Spencer Doar | Jul 27, 2017

In case you missed the big news Monday, the CFTC approved LedgerX as a derivatives clearing organization. Miami International Holdings, or MIH (parent company of MIAX), a partner and investor in the crypto exchange, put out its press release regarding the approval...

SEFCON V: One Year In – November 12, 2014, Grand Hyatt New York

by JLN Staff | Oct 10, 2014

The Wholesale Markets Brokers' Association, Americas (WMBAA) will host its fifth annual SEFCON event on November 12. Register Here Watch the video promo and register to join dealers, traders, exchanges and regulators for this once-a-year look at the state of the SEF...

Open for Business: Tech Drives the Transition to SEFs

by JLN Staff | Jan 31, 2014

The Swap Execution Facility was given life by the Dodd-Frank Act. After three years of meetings, rule proposals comments, and more meetings, the final SEF rules were published by the CFTC in mid-2013 and trading has commenced on 18 registered SEFs. John Lothian News...

Open for Business: SEF Competition Heating Up in the New Market Structure

by JLN Staff | Jan 23, 2014

Swap execution facilities (SEFs) were given life by the Dodd-Frank Act, which requires over-the counter (OTC) swaps to be cleared and traded on this new type of regulated platform. The CFTC published its final SEF rules in mid-2013 and trading commenced on 18...

A Whirlwind Trip to SEFCON

by JLN Staff | Nov 21, 2013

This past Sunday, I flew to New York for Monday’s SEFCON IV, the fourth annual get-together of swap execution facility (SEF) participants and the regulators who oversee this market. It was a whirlwind trip, literally and figuratively. I fought through pounding storms...

SEFCON IV Snapshot

by JLN Staff | Oct 30, 2013

The Wholesale Markets Brokers’ Association Americas (WMBAA) is an industry advocacy group made up of five inter-dealer brokerage firms (IDBs): BGC Partners, GFI Group, ICAP, Tradition and Tullett Prebon. Since 2010, the WMBAA has hosted its annual SEFCON conference in...

JLN Financials: Deutsche Boerse buys minority stake in London's GMEX; China PBOC Unveils Prime Interest Rate for Commercial Bank Loans; Fed Proposes a Rule to Help Big Banks Stay Liquid in Times of Crisis

by Jim Kharouf | Oct 25, 2013

Quote of the Day Regulatory change has created huge opportunities for exchanges which can innovate with products.Hirander Misra, head of Global Markets Exchange in Reuters’ story: “Deutsche Boerse buys minority stake in London's GMEX.” Lead Stories Deutsche Boerse...

John Lothian Newsletter: French Tax on Intraday Trading Loses Support; Javelin Seeks CFTC Permission to List Interest-Rate Swaps; Commodities traders face increased competition

by JLN Staff | Oct 22, 2013

First Read Chicago-based AlphaMetrix ordered to repay improper loans Reuters AlphaMetrix, a Chicago-based fund manager with $700 million under management, on Monday was ordered by its regulator to repay about $600,000 in fees owed to outside money managers by Nov. 1,...

Chris Ferreri of ICAP on SEFs, IDBs and the Futurization of Swaps

by JLN Staff | Mar 25, 2013

Chris Ferreri is a managing director at ICAP North America, where he oversees ICAP ETC, the company's hybrid brokered OTC solution. He was the first chairman of the Wholesale Markets Brokers' Association Americas Inc. (WMBA Americas), and served again as chairman in...

2012 SEFCON III Highlights

by JLN Staff | Dec 5, 2012

During 2012 SEFCON III John Lothian News interviewed five key members of the WMBA. Click here to see all the interviews. The Wholesale Markets Brokers’ Association Americas (WMBAA) is an industry advocacy group made up of five inter-dealer brokerage firms (IDBs): BGC...

European Swaps Perspective from Alex McDonald of the WMBA

by JLN Staff | Dec 5, 2012

During 2012 SEFCON III John Lothian News interviewed five key members of the WMBA. Click here to see all the interviews. Alex McDonald, CEO of the Wholesale Markets Brokers’ Association (WMBA), has his eye on both European regulatory reforms such as MIFID, MIFIR and...

An Intro to IDBs and SEF Regulation from ICAP’s Chris Ferreri

by JLN Staff | Dec 5, 2012

During 2012 SEFCON III John Lothian News interviewed five key members of the WMBA. Click here to see all the interviews. Chris Ferreri is a managing director at ICAP North America, where he oversees ICAP ETC, the company's hybrid brokered OTC solution. He was the...

Chris Giancarlo of GFI Group Discusses the Need for Regulatory Balance

by JLN Staff | Dec 5, 2012

During 2012 SEFCON III John Lothian News interviewed five key members of the WMBA. Click here to see all the interviews. Chris Giancarlo, executive vice president, GFI Group worries that US regulation may not be balanced, and that it is mismatched with non-US markets....