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) ...

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 ...

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 ...

Just three Swap Execution Facilities have received provisional authorisation from the Commodity Futures Trading Commission, despite the launch of SEFs being only weeks away. Just three Swap Execution ...

The US Commodity Futures Trading Commission (CFTC) stated on September 8 that it hopes to consider final rules on the registration and operation of swap execution facilities (Sefs) during the first ...

As it pushes ahead with regulatory changes that promise better liquidity and price transparency in the derivatives marketplace, Washington has good intentions. First, the Dodd-Frank Wall Street Reform ...

On April 23, the Commodity Futures Trading Commission’s Division of Market Oversight (DMO) provided guidance to swap execution facilities (SEFs) regarding the calculation of projected operating costs ...

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 ...

Six months after the made-available-to-trade deadline that was viewed as the starting gun for trading on swaps execution facilities (SEFs), some market players say the most noteworthy pattern that has ...

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 ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The summer of 2010 marked the beginning of the most radical reform in the history of the US over-the-counter ...