CFTC block trade plan gets cold shoulder
Industry divided over swaps reform proposal, and advisory committee casts doubt on need for it
A Commodity Futures Trading Commission plan to revise US rules for block trades in swaps has drawn a cool response from the industry, with participants at an advisory committee providing feedback that undermines some of the justification for the proposal.
Tradeweb and Bloomberg swap execution facilities (Sefs), which account for more than 75% of all interest rate swap block trades on-venue, both
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