CFTC told EU platforms not to seek Sef equivalence

At the same time, UK's FCA was working through rules with London-based venues

us and eu flags side by side

In what looks like a case of crossed wires, the Commodity Futures Trading Commission (CFTC) told European trading platforms not to apply for its new, harmonised regulatory treatment – pending a revamp of the framework – even as the UK's Financial Conduct Authority (FCA) was working through the rules with London-based venues, according to industry sources.

As Risk reported yesterday, none of Europe's swap trading venues has applied to the CFTC for qualifying multilateral trading facility (QMTF)

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