Pressure builds on CFTC to outlaw post-trade name give-up
Controversial practice will not ‘go away’ without action from regulators
Critics of post-trade name give-up made their case to the Commodity Futures Trading Commission (CFTC) yesterday, telling regulators that swap execution platforms are ready to end the controversial practice, but fear retribution from dealers if they do so.
"The first mover really can't act here. It's a case where the government regulator needs to step-in," said Darcy Bradbury, managing director for external affairs at hedge fund DE Shaw, speaking at a meeting of the CFTC's market risk advisory
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