The TRADE

First electronic SOFR vs EFFR swap compression trade executed on Bloomberg SEF

The electronic basis swap compression trade was executed on the Bloomberg SEF, which offers trading in credit default swaps, interest rate swaps, and FX derivatives. Market participants have executed ...
JD Supra

CFTC Issues Final Rules Related to Swap Trading Relationship Documentation, Swap Confirmations, and Swap Portfolio Reconciliation and Compression

On August 27, the Commodity Futures Trading Commission published final rules related to swap trading documentation for swap dealers (SDs) and major swap participants (MSPs). The final rules set forth ...
Investing

Ethereum Trades in a Tight Coil as Volatility Compression Builds Near $3,000

With ETH-USD trading around $2,800–$3,000, roughly 35–40 percent below the $4,800 peak, sitting above a defended $2,800–$2,870 support band, pinned near a $3,000 max-pain level, and supported by muted ...
Bloomberg L.P.

First Electronic SOFR vs Fed Funds Compression Trade Executed via Bloomberg SEF

New York – Today, Bloomberg announced that the first electronic SOFR versus Effective Federal Funds Rate (“EFFR”) basis swap compression trade was executed on the Bloomberg SEF (“BSEF”). The ...