SEC silence on swap spread Sef trading frustrates market

Packages are now subject to CFTC rules, but involve SEC-regulated legs

us-sec
SEC headquarters

New trading requirements for certain swap packages came into force yesterday with market participants still in the dark as to whether the US Securities and Exchange Commission (SEC) is comfortable with a ruling from the Commodity Futures Trading Commission (CFTC) that appears to trample over its fellow regulator's turf.

Swap spread trades had been temporarily exempted from the need to use a swap execution facility (Sef), because they combine over-the-counter swaps – which are regulated by the CF

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: