ASPone Ltd preparing for Swap Execution Facilities (SEFs) CFTC Regulation

16 May 2011

ASPone Ltd is gearing up for the much awaited CFTC regulation relating to the Security-based Swap Execution Facilities (SEFs). The final rule issue is due in July and so any organisations involved in trading swaps and delivering associated functionality need to remain flexible and be ready. The exact rules and implementation timescales are yet to be finalised but the impact on organisations dealing with US counterparties is sure to be significant.

ASPone is well placed to assist organisations to meet the requirements and associated deadlines and is already actively engaged with its clients, current and prospective, discussing requirements and potential solutions.

ASPone is very well positioned to act as a technology partner and solution provider with its flexible and configurable middleware platform, the ASPone Transaction Routing Hub (TRH). TRH is a platform which can handle any financial data (from real-time streaming through to historical and reference data) across all asset classes. It supports most industry-standard protocols such as FIX, FAST and Thomson Reuters’ Marketlink. On top of TRH, ASPone provides a number of workflow solutions across the trading spectrum – from pre-trade price discovery, across order matching, DMA and exchange trading through to transaction reporting, order management and portfolio management.

Additionally, ASPone is contributing to SEF related content for the British Bankers Association’s fourth Annual International Banking Conference in June 2011.

Patrick McGrath, Chief Executive of ASPone Ltd, says “SEF is the next step in an increasingly regulated market following MiFID and other regulatory changes. ASPone has been active in delivering solutions to meet these changes and therefore has the expertise to assist clients both with determining the impact on their organisation and also changing their systems and workflow to meet the new requirements. We can offer flexible and configurable solutions and also have a proven track record in delivering bespoke solutions on time and to budget. We have extensive expertise across the trading spectrum and especially in integrating disparate systems and simplifying and optimising workflow across the organisation. Additionally, we are keeping MiFID II in mind and making sure that the solutions we provide now will be versatile in the face of the changing regulatory environment.”

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