Risk USA: 'Futurisation' trend could hurt Sefs, says CFTC's Chilton

Sefs could lose out if OTC trading volumes move into listed products, says CFTC commissioner - but he is "comfortable" with decision to approve the CME's new swap future contract


Attempts to convert over-the-counter derivatives into listed products may hurt swap execution facilities (Sefs) - the new platforms created by the Dodd-Frank Act for the trading of OTC swaps - if the trend gathers steam, according to Bart Chilton, commissioner at the Commodity Futures Trading Commission (CFTC).

In recent months, both CME Group and Ice have launched new products, or offered services designed to give customers a way to avoid the Dodd-Frank Act rules that apply to OTC markets. On

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As uncertainty surrounding Brexit continues and the impacts of Covid-19-driven market volatility are analysed, it is essential for banks and their end-users to understand their clearing options, and how they can achieve greater capital and cross…

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