Deutsche's Autobahn spin-off plan shelved
Deutsche Bank considered spinning off its Autobahn trading platform last year in response to US legislation, which requires all clearable over-the-counter trades to be executed via a swap execution facility (Sef) – a new form of OTC trading venue introduced by the Dodd-Frank Act.
The law makes it clear that single-dealer platforms such as Autobahn will not qualify as a Sef, which is loosely defined as a venue where multiple users can trade with multiple market-makers. That would prevent dealers
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