A Path Forward for Prop Traders in the Swaps Market

A Path Forward for Prop Traders in the Swaps Market

The CFTC is great at sending emails out at inopportune times.  In this case it was the 13 no-action letters sent between December 20th and…

The Void Rule No-Action makes No-Sense

The Void Rule No-Action makes No-Sense

OK, so not all of it.  On Friday at 5:55pm (which I guess is better than 11:59p on October 31) the CFTC issues somewhat expected…

SEF Day: A boring October 2 is official, but in 10 seconds or less

Quite a lot of hoop-la on Friday (September 27, 2013) around the October 2 SEF implementation deadline. On that point, the response to my post…