MFA Blog: CFTC Ready to Push Interest Rate Swaps to Trading Platforms

According to a recent blog post by the Managed Funds Association ("MFA"), the CFTC is ready to push interest rate and credit swaps onto swap execution facilities ("SEFs").The approval would follow a three-month review of plans to mandate that certain types of trades be conducted on SEFs. The change, which is required under the Dodd-Frank Act, could take place as soon as next month. CFTC Commissioner O'Malia scheduled an agency advisory committee meeting for January 21, 2014, in order to oversee the trading decision and gather feedback from the industry.

See: MFA Blog Post. Related news: MFA Comment Letter to CFTC on SEF Trading Rules and Onboarding Documentation (with Lofchie Comment) (January 9, 2014); CFTC Issues Further Guidance on Application of Its Rules to SEFs (with Lofchie Comment) (November 18, 2013); CFTC Issues Staff "Guidance" on Impartial Access to SEFs (with Lofchie Comment) (November 14, 2013); Triple International Financial Law Review Articles on SEFs (October 24, 2013).