A Swap Execution Facility (SEF) is a platform or system that facilitates trading and execution of swaps as mandated by the Dodd-Frank Act of 2010. SEFs are designed to bring transparency and efficiency to the over-the-counter (OTC) derivatives market by providing a regulated environment where market participants can trade swaps. These facilities enable market participants such as institutional investors, swap dealers, and other eligible entities to execute swap transactions electronically, promoting pre-trade price transparency through order book display or request-for-quote (RFQ) systems. SEFs play a crucial role in the regulatory framework aimed at reducing systemic risk and enhancing market integrity by standardizing trading protocols and promoting central clearing of swaps transactions.


File ID:  CFTC-PR-8896-24 Date:  April 23, 2024 Accessed:  June 18, 2024 Headline:  CFTC Approves Final Rules on Swap Confirmation Requirements for Swap Execution Facilities (SEFs) Source: Categories: AGENCY RULES-CHANGES CFTC RULES-CHANGES SWAP EXECUTION FACILITY CFTC-PR-8896-24 – Viewer: ▼▼▼ (Download PDF File )