QIC first Australian buy-side firm to execute on a Sef
Brisbane firm executes on Sef despite not being mandated to do so in order to guarantee access to liquidity
Queensland Investment Corporation (QIC), the A$79 billion ($72 billion) fund manager, has become the first institutional investor in Australia to execute a trade on a swap execution facility (Sef) with a US dollar interest rate swap trade it put through on Bloomberg today.
Sef trading is gaining momentum following the regulatory requirement for US parties to execute certain swaps including US dollar interest rate swaps on Sefs as of February 15, 2014. According to data provider Clarus Financial
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@risk.net
More on Trading platforms
Electronic trading of corporate bonds still work in progress
Industry members discuss the growth of electronic trading of corporate bonds
A range of investable indices to meet client needs in alpha and beta generation
Sponsored video: Societe Generale
Japan FSA threshold for trade execution 'extremely high'
Only banks with ¥6tn in derivatives must trade swaps electronically
Market hits back at Hong Kong plans to bar retail access to dark pools
SFC proposals to keep retail investors on the lit market come under fire
Korea clearing structure in question after HanMag trading error
Korea trading snafu casts doubt on KRX's default fund structure
Prop shops to rival dealer market-makers on broker Sefs
Impartial access rules for Sefs allow firms to gatecrash interdealer market
Australian dark pool rules shift liquidity back to the lit market
Decline in broker-dealer dark pool volumes after Asic introduces requirements for price improvement
Australia dealers face Sef time zone issues
CFTC rule poses clearing challenges for dealers whose markets close before clearing operations in London open
