CFTC Gives CME SEF Approval

cme
The CME is expected to be a huge player in the new derivatives landscape.

Temporary registration is a mechanism by which the CFTC can allow potential SEFs to begin commercial operations without having to wait for the full assessment period, given that they fulfil basic criteria.

CME is the latest in a raft of SEF applicants to be issued with the notice, after what has been a troubled birth for the new derivatives facilities. Short deadlines and missed mileposts, coupled with a US government shut down recently, have meant that SEFs have been mired in confusion of late.

SEFs are intended to stand between buyers and sellers of standardized derivatives contracts, which were traded on an over-the-counter, bilateral basis in the past. They form an important aspect of the Dodd-Frank Act, and aim to both increase transparency and mitigate systemic risk in what was formerly an opaque market dominated by a handful of dealers.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here