By Lukas Becker
Published September 4, 2012 Risk
New trading platforms must enable dealers to make pre-trade disclosures – but industry doesn't know what information needs to be provided
Would-be swap execution facilities (Sefs) are worried about the impact of new business conduct standards requiring swap dealers to provide information to a customer before a trade is concluded. The rule applies where a dealer knows the identity of a counterparty before execution – as is the case for Sefs that work on a request-for-quote (RFQ) basis and, potentially, for some that offer a central limit order book.
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