ASPone Gearing Up for SEF

ASPone Ltd is gearing up for the much awaited CFTC/ SEC regulations relating to Swap Execution Facilities (SEFs) for interest rate and securities based swap derivatives. 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 has a track record as a technology partner and end-to-end trading services provider that positions us to deliver SEF solutions to meet the regulations. The basis for this is the ASPone Transaction Routing Hub, a flexible and configurable middleware 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.