The CFTC Killed SEF Trading (for now)

The CFTC Killed SEF Trading (for now)

Last week was a busy week in SEF land. November 1 brought in to play a host of new rules, the MAT wars heat up…

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…

Why SEF Volumes Don’t Matter (Yet)

Why SEF Volumes Don’t Matter (Yet)

On October 2 swap execution facilities (SEF) became official and started reporting trading volumes.  While this new level of transparency is exciting, today’s reported volumes…