CFTC Passes Final SEF Rules with an Eye to the Future
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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