Javelin Sef Launches Anonymous Central Limit
NEW YORK, July 10, 2014 /PRNewswire/ -- Javelin SEF, LLC ('Javelin') announced today a major milestone with the execution of its first Interest Rate Swap ('IRS') via the UBS Neo platform, a Swap Execution Facility ('SEF') aggregator.. Market Participants have the option to access a highly functional graphical user interface or to connect via a FIX API. Click
Javelin SEF provides a complete execution solution that includes pre-trade credit checks, real-time matching of orders, direct connectivity to clearing houses and straight through processing.. Javelin is well positioned for the market to move towards CLOB trading 'We have exceptional CLOB technology and solid liquidity for a SEF at this stage of the IRS market's evolution towards electronic CLOB trading,' said Michael Koegler, Managing Director of Javelin Capital Markets.. The firm was the first Sef to submit a list of swap James Cawley steps down as Javelin CEO.. Javelin SEF combines transparency, real-time trading, customized solutions and state-of-the-art workflows that meet the requirements of all market participants, and as required by regulations outlined by the (CFTC). 2
Javelin recently began streaming prices to UBS Neo All of Javelin's prices on UBS Neo are live and actionable for customers of UBS' Introducing Broker service.. Javelin SEF, LLC is a Swap Execution Facility (SEF) that offers a high degree of flexibility by providing liquidity and execution choice in a wide range of interest rate swaps.. Javelin offered clients the option of using either an anonymous central limit order book. HERE
'This is a major milestone for Javelin and we are very excited to have UBS as a partner,' said Wally Sullivan, CEO of Javelin. e10c415e6f 4
The Javelin representatives also discussed their view of the differences between central limit order book (CLOB) and a request for quotation (RFQ) trading systems and answered questions from SEC staff regarding potential swap execution facility (SEF) operations and block trading practices. 5
