SEFCON

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SEFCON is an annual conference sponsored by the Wholesale Markets Brokers' Association Americas Inc., an industry advocacy group made up of five leading inter-dealer brokers: [1]

The conference brings together regulators, legislators, lawyers, swaps professionals and other market participants to discuss key issues related to swap execution facilities ("SEFs"), a new financial transaction entity created by the Dodd-Frank Act.

SEFCON V 2014 Snapshot

Preview of SEFCON IV, November 2013

SEFCON IV Snapshot
The Wholesale Markets Brokers’ Association Americas (WMBAA) is an industry advocacy group made up of five inter-dealer brokerage firms (IDBs): BGC Partners, GFI Group, ICAP, Tradition and Tullett Prebon. Since 2010, the WMBAA has hosted its annual SEFCON conference in New York on issues surrounding swap execution facilities (SEFs), a new type of financial transaction execution entity created by the Dodd-Frank Act. SEFCON IV, to be held November 18, 2013, will feature a status update on SEFs from regulators, legislators, dealers, traders and other market participants. Conference Chairman Chris Ferreri offers a glimpse as to what attendees can expect in this video with former John Lothian News Editor-at-Large Doug Ashburn. [2]

SEFCON III, November 13, 2012

On November 12, 2012, the WMBAA hosted its third annual swap execution facilities conference, "SEFCON III" at the Grand Hyatt, New York. The keynote speaker was CFTC commissioner Bart Chilton, who spoke about SEF rules, high frequency trading and position limits. Also on the agenda were panels on liquidity in the new market structure, a European report from WMBA Europe chairman Alex McDonald, and panels on SEF registration and technology challenges. [3]

John Lothian News Editor-at-Large Doug Ashburn conducted interviews with key members of the WMBA. These videos can be found here on JohnLothianNews.com.

SEFCON II, October 3, 2011

On October 3, 2011, the WMBAA hosted its second annual swap execution facilities conference, "SEFCON II" at the Grand Hyatt, New York. The keynote speaker was CFTC chairman Gary Gensler, who spoke about Dodd-Frank, the need for transparency, and the "made available to trade" mandate. [4] Other notable speakers at SEFCON II were MarketAxess CEO Richard McVey, former CFTC Chairman Walt Lukken, Congressman Michael Conaway, and CFTC Commissioner Scott O'Malia. [5]

SEFCON I, October 24, 2010

The inaugural SEFCON was held on October 24, 2010, at the Grand Hyatt in Washington, DC.[6] The conference consisted of four panels covering such issues as OTC execution, defining a SEF, SEF regulation, and clearing. The keynote speech was delivered by CFTC chairman Gary Gensler.

References

  1. About Us. WMBA Americas.
  2. SEFCON IV Snapshot. John Lothian News.
  3. SEFCON III Agenda. Flagg Management.
  4. Remarks before the Swap Execution Facility Conference. CFTC.
  5. SEFCON II Program. Flagg Management.
  6. Wholesale Markets Brokers Association Americas Announces Panel Structure For Swap Execution Facility Conference October 4, 2010. WMBA Americas.