February 2015 Review – ICAP vs Bloomberg
Bloomberg and ICAP are fighting it out for the number one position in our latest monthly review of Interest Rate Swap volumes. We show that February looked a lot like January for both SEFs and CCPs, and that nearly 25% of risk was traded as part of a strategy. USD IRS On-SEF Broadly speaking, February 2015 looked a lot like […]
What is the Impact of the BGC Acquisition of GFI?
After a struggle over many months BGC succeeded in getting majority shareholder agreement for its hostile takeover of GFI as announced in the press recently. CME had pulled out shortly before so I had expected this. Using SEFView we can get a sense of the purpose of the acquisition. First, let’s look at total SEF volume. You […]