Questions remain over finer details of Sef rules
Following publication of the core principles for swap execution facilities (Sefs) in the Federal Register on June 4, trading platforms now have until August 5 until the rules become effective, but some would-be Sefs continue to complain about a lack of clarity in some aspects of regulation.
Under the final rules, which were published by the Commodity Futures Trading Commission (CFTC) on May 16, Sefs will be required to send out requests for quote (RFQ) initially only to two counterparties –
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