Meet the Sefs
BGC Derivatives Markets
New York-based BGC Partners’ swap execution facility (Sef) received temporary approval from the Commodity Futures Trading Commission (CFTC) on September 19. It will offer swaps trading for those products mandated to clear as well as those classified as permitted transactions.
BGC hopes to leverage its expertise in running electronic marketplaces and exchanges to meet client demand, says Shaun Lynn, president of BGC in New York. “BGC has used the strength of its leading
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