Buyside concerned over MAT process
Buyside firms are concerned that some swap execution facilities (SEFs) may make certain derivatives instruments made-available-to-trade (MAT), which competing SEFs or clearing houses will not have the ability to support, therefore negatively impacting the portfolios that they manage.
“I have a real fear of a SEF developing some technology that maybe the other SEFs don’t have, or the clearing houses can’t support, or submitting a MAT application and having it approved and then having us forced to jam something in through all of our systems,” said
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