Everyone Wants to Start An SEF (Advanced Trading)

By | November 29, 2010

This article reviews how an SEF is likely to be defined by the CFTC an who some of the likely players in the market will be based on my video conversation with Ivy Schmerken a few weeks ago.

Regulators at the CFTC and Securities and Exchange Commission are drafting the rules that will define what is a major swap participant and what is a SEF. (Rules will be posted by Dec. 9th for comment, and final rules are due by July 15th). “It’s similar to an ECN for the swaps market,” explained McPartland, who said, we should think about SEFs “as price discovery platforms where you can execute and can have more transparency.”

Read the full story here.

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