SEC to propose rules for swap trading platforms (Reuters)

The SEC is set to release its SEF rules tomorrow, Feb 2, 2011, and only a small few details are floating around. Since they will be overseeing the less liquid single name CDS market I’d suspect they’ll focus more on the RFQ model than order book trading. My comments in the article, saying essentially, we don’t know yet:

“Apparently this is quite a mystery even to those in the industry very close to the situation,” said Kevin McPartland, a senior analyst with the TABB Group and an expert on SEF regulation.

Read the full story here.

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