CFTC urged to ‘slow down’ on packaged trades

Market not ready for Sef relief to lift on May 15, panellists claim

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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 would have "a very substantial negative impact on the buy side's ability to access liquidity" and

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