CFTC looks to strengthen oversight of trading obligation
Chief counsel at CFTC highlights weaknesses of bottom-up approach to MAT determinations
The US Commodity Futures Trading Commission (CFTC) is considering increasing its involvement in determinations of which derivatives have to be traded on multilateral swap execution facilities (Sefs), a conference in London heard on December 9.
"By having the CFTC involved it takes out various incentives that may exist at Sefs. A Sef may want to bring something online and list something for trading to keep that on Sefs. On the other hand there might be incentives for market participants to
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