One Moves Forward, One Doesn’t

A busy day at the CFTC today. One big rule moved forward, another not. The rule that moved forward implements the Frank-n-Dodd requirement that swaps be traded on “Swap Execution Facilities” or SEFs. The proposed rule was released on a 4-1 vote, with Commissioner Jill Sommers the lone nay. Specifically, the rule specifies: platforms that [...]
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