Buy side joins calls for delay to NDF Sef trading
Participants at Risk USA agree with consensus at CFTC meeting
Investment managers and hedge funds have called for a delay in mandating non-deliverable forwards (NDFs) to be made available to trade (MAT) on swap execution facilities (Sefs), arguing there are still issues to be ironed out in other asset classes.
Speaking at Risk USA in New York yesterday, buy-side participants echoed the sentiments of sell-side participants at a FX sub-committee meeting at the Commodity Futures Trading Commission (CFTC) in Washington, DC, earlier this month.
"There are a lot
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