The TABB Group released on Tuesday July, 23 the results of its exhaustive study into the Commodity Futures Trading Commission’s (CFTC) final rules on Swaps Execution Facilities (SEFs). The findings are interesting and basically show the biases of the different industry players.
In its press release the TABB Group notes, “New CFTC rules are seen to be damaging to swaps market liquidity with exchanges gaining ground in swaps trading. This is occurring as product standardization drives order book trading and accelerates a market migration to swap futures.”
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