SEF shift relatively quiet, poll finds

A Tabb Group poll found that many money managers refrained from using swap-execution facilities, which were required to open this week by the Commodity Futures Trading Commission. "The swaps market was largely unaffected, with volumes steady, despite the mad scramble to fix technology glitches and smooth the process," according to the report. "Firms are still trading swaps, and there will be only a limited migration to swap futures in this uncertain transition."

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