SEFs at the Starting Gate, Technologists Prep for Challenges
“When light shines on a market, the economy and public benefit,” said Gary Gensler, chairman of the Commodity Futures Trading Commission (CFTC), in his opening statement during the vote on the final rules governing how swap execution facilities (SEFs) will operate.
Moves toward transparency in over-the-counter (OTC) markets have been discussed on a global basis since the financial crisis, but numerous delays have meant that actual finished rules are few and far between. As such, the US is
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