Swap Execution Facility
This Issue in United States
Concept of Swap Execution Facility (SEF) in Futures Trading
In this context of financial law, the following is a definition of Swap Execution Facility (SEF): A trading system or platform created by the Dodd-Frank Act in which multiple participants have the ability to execute or trade swaps by accepting bids and offers made by multiple participants in the facility or system, through any means of interstate commerce. The Dodd-Frank Act imposed different statutory provisions on SEFs than on designated contract markets. See 7 USC 1a(50).
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