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Chip Horton

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Direct Swap is the innovative online marketplace for direct commercial hedging offering superior performance, better value and trusted compliance. The Direct Swap marketplace directly connects firms that use derivatives to manage their business risks with numerous sources of liquidity. Members of our qualified user community can use the patented Direct Swap platform and streamlined paperless workflow to efficiently manage the transaction lifecycle from beginning to end, while achieving favorable Dodd Frank treatment. For more information, please visit www.directswap.com.

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Derivatives News and Trends Archive

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Another Casualty of Low SEF Volumes

Chip Horton

30 Oct 2014

https://www.passle.net/Content/Images/passle_logo-186px.png Passle https://passle.net

Chip Horton

Given the lower than expected volume of trades on Swap Execution Facilities, it is not suprising that Markit has chosen to close its pre-trade credit check service designed for SEF trades.

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Markit, the financial information services firm, is in the midst of shutting down its CreditCentre facility operated by its MarkitSERV arm. The platform was one of two services launched in response to Dodd-Frank regulations that focus on migrating over-the-counter swaps onto exchange-like platforms.

http://www.ifre.com/markit-to-shut-down-creditcentre/21170230.article