Cboe SEF

A Next-Generation Swap Execution Facility

SEF Overview

Cboe SEF brings Cboe's track record of innovation to the Non-Deliverable Forwards market with its CFTC-registered Swap Execution Facility.

Cboe SEF delivers:

  • Fully anonymous CLOB with firm all-to-all trading available to all Participants
  • Configurable firm and non-firm streaming quotes for tailored liquidity needs
  • Diverse network of Participants resting passive liquidity
  • Wide distribution network for Market Makers
  • Pre-trade Net Open Position (NOP) credit checks and real-time risk management
  • EMTA-standard contracts

SEF Trading Protocols