The Division of Market Oversight of the Commodity Futures Trading Commission has issued temporary no-action relief to swap execution facilities (SEFs) from certain audit trail requirements related to ...

This year, Valentine's Day marks the end of the over-the-counter market's long, largely monogamous love affair with the phone. When trading restarts in the US on February 18, following a national ...

After the 2008 meltdown, a stalwart effort was made to multiply the number of platforms on which swaps could be traded. The hope was to give investors an array of venues to trade on and create a ...

Even with the continued lack of clarity on new rules set to govern US swaps trading venues, prospective market operators are keenly preparing their offerings in anticipation of Q2 launches. Even with ...

Last year, the over-the-counter swaps market waded its way through regulatory filings to establish an environment that will bring transparency and electronic trading to a market historically dominated ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Transparent trading of off-exchange swaps via electronic marketplaces known as swap execution facilities (Sefs) ...

Credit default swaps traded on swap execution facilities grew 75% from January to April, according to data compiled by the International Swaps and Derivatives Association, while rate swaps have seen ...

In a marked departure from its position since 2013, the Commodity Futures Trading Commission (CFTC) issued No-Action Letter 25-24 on July 30, 2025 (Letter 25-24), stating that it will not recommend ...

Early data shows a select group of incumbents flying out of the gates in poll liquidity positions with the introduction of mandatory trading on Swap Execution Facilities (SEFs) the week of February 17 ...

After all, it's not just the execution that's designed to reduce systemic risk. Central clearing plays an integral role. FIX plays an integral role. Market surveillance is critical, and value-added ...

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