CFTC urged to ‘slow down’ on packaged trades
Market participants want regulators to delay rules that will require packaged trades to be executed on Sefs, citing operational and systemic risks
The Commodity Futures Trading Commission (CFTC) should "slow down" in its efforts to bring packaged trades consisting of multiple legs onto swap execution facilities (Sefs) according to Lisa Cavallari, director of fixed-income derivatives trading at Russell Investments.
Fellow panellists at Risk's OTC Derivatives Clearing Summit in New York warned forcing the trades onto the new trading platforms
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