CFTC set to eliminate post-trade name give-up
Practice has been a mainstay of Sef trading but chairman Tarbert wants it gone
The chairman of the Commodity Futures Trading Commission has called time on a controversial practice that has been viewed by many as a way to restrict buy-side firms and non-bank market-makers from participating in the interdealer swap markets.
In a speech yesterday (October 30), Heath Tarbert said his agency would soon be issuing a proposal to “restrict or eliminate” post-trade name give-up at swap execution facilities (Sefs), the practice in which counterparty names are revealed to each other
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