The MAT process is one where SEFs outline what instruments they will be offering for execution on their facilities, and then submit it to the CFTC for approval. Javelin's initial submission covered virtually all instruments eligible for trading on SEFs, but was later amended to reflect a narrower range of derivatives.
Those swaps will then be made mandatory for trading on all SEFs and designated contract markets (DCMs), where applicable. As it stands, the submission approved by the CFTC covers
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