Buyside craves greater order book liquidity

At the beginning of this year, derivatives trading experienced one of its biggest reforms to date with the mandate to trade certain instruments on swap execution facilities coming into effect. GlobalCapital hosted a roundtable with senior buyside representatives, as well as other market providers, to examine the new SEF structure and how end users are adapting to the new market. The topics of discussion included the challenges when signing up to SEF rulebooks, the desire for more liquidity in central limit order books and how significant barriers still remain between European and US regulation and what, ultimately, can be done to achieve harmonisation.