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Industry pushes CFTC to prioritise cross-border clarity

Approaching Mifid II deadline adds urgency to Giancarlo’s overhaul of Sef rules

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The EU's Mifid II will introduce regulation for trading venues that are similar to the Sef rules in the US

New European trading rules due to take effect in January 2018 add urgency to an overhaul of the cross-border aspects of US regulation by recently appointed Commodity Futures Trading Commission chairman Christopher Giancarlo, market participants say.

Giancarlo has been vocal in public speeches – and in his 2015 white paper on swap execution facility (Sef) rules – about the CFTC’s “flawed

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