Putative SEFs are currently working to win the support of dealers and their clients.

ECONOMIST: Derivatives exchanges

Analysts believe the initial number of SEFs could be large but will be whittled down over time.

ECONOMIST: Derivatives exchanges

Regulators believe OTFs and SEFs will transform the derivatives market, making it more transparent, boosting liquidity and reducing the tasty margins dealers usually earn on trades.

ECONOMIST: Derivatives exchanges

Although the rules governing SEFs are not finalised, such platforms are unlikely to qualify as SEFs, which must send out quote requests to a minimum of five market participants.

ECONOMIST: Derivatives exchanges