CFTC Passes Final SEF Rules with an Eye to the Future

Capitol Hill in Washington DC
The final rule is being seen as a compromise between regulators and Wall Street over voice trading concerns.

By a vote of four-to-one, with outgoing Commissioner Jill Sommers dissenting, the CFTC agreed the rule for the platforms, which have been established to serve as execution venues for standardized swap contracts in an attempt to introduce transparency into the over-the-counter (OTC) markets. The rule will be displayed in the Federal Register for 60 days in accordance with US law, and the CFTC is aiming for general compliance 60 days after that.

The financial services industry is widely regarded

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FCA declines to directly regulate market data prices

A year-long investigation by the UK regulator to determine whether competition is hindered in the wholesale data markets has concluded with its decision not to directly regulate much-maligned data pricing and licensing structures.

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