Experts split on MAT determinations


The ability of newly minted swap execution facilities (Sefs) to determine which derivatives products should be subject to a mandatory trading obligation continues to worry swaps users, but some believe the pushback is a result of incumbents trying to protect the status quo. Four Sefs have now submitted made-available-to-trade (MAT) determinations to the US Commodity Futures Trading Commission (CFTC) – Javelin Capital Markets, TrueEx, Tradeweb and MarketAxess. Once MAT status is agreed f