Massad: let market decide what it wants from Sefs

Voice v electronic execution decision left to market participants

timoth-massad-web-2
Timothy Massad, CFTC

US Commodity Futures Trading Commission (CFTC) chairman, Timothy Massad, says he is happy for the market to decide whether it wants to execute derivatives trades via voice or electronic execution when trading on swap execution facilities (Sefs).

While some market participants have complained that dealers have sought to retain voice trading as a way to stall the take-up of fully electronic central limit order book (Clob) execution, where banks can be disintermediated, Massad says he is happy to

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