The SEF debate is certainly heating up. These questions and more will all be discussed at the WMBAA’s “SEFCON 1” event in DC on October 4th (details to follow). My comments in the Reuters piece:
“The law calls it “a trading system or platform in which multiple participants have the ability to execute or trade swaps by accepting bids and offers made by multiple participants in the facility or system, through any means of interstate commerce.”
“If the word ’swaps’ was replaced with ‘goods’ this could be a description of eBay,” wrote Kevin McPartland, an analyst with TABB Group, in an article submitted to regulators last month.