Some swap execution facilities (Sefs) are not offering impartial access to all market participants - a Dodd-Frank Act requirement - according to Gary Gensler, chairman of the Commodity Futures Trading Commission (CFTC).
"Sefs are required to provide all market participants with impartial access. Or, at least, they are supposed to. We still have a little work there. They must provide dealers and non-dealers alike with the ability to make and respond to bids, offers and requests for quotes. That i