CFTC to test role of anonymity in Sef order book flop
Order books could get a boost if regulator bars brokers from revealing counterparty IDs
An "old business practice that... will quickly go away" - that is the hope Vincent McGonagle, director of the division of market oversight at the Commodity Futures Trading Commission (CFTC), shared with attendees at an industry event in New York on November 12.
He was referring to post-trade name give-up – the act of revealing the identity of derivatives counterparties to each other after a transaction has been agreed. The big question is how quickly it will go away, and what difference – if any
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