Sef execution of package trades to be postponed

CFTC's Massad says no-action relief will be extended as market unprepared

timothy-massad
CFTC chairman Timothy Massad

The Commodity Futures Trading Commission (CFTC) is to postpone the migration of the most complex package transactions into swap execution facility (Sef) trading after recognising that US swap market participants are not prepared to execute them on the trading venues.

Speaking at the Futures Industry Association conference in Chicago yesterday, CFTC chairman Timothy Massad announced that the November 15 deadline for the expiration of no-action relief allowing package trades to continue to trade

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@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

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

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net 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