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"Most of what we're doing is preparing for the future," said Richard M. McVey, chief executive of MarketAxess, which plans to become a swap execution facility.
"As we sit here today, we are undoubtedly in the cusp of enormous changes," said J. Christopher Giancarlo, the chairman of Sefcon and an executive vice president at the GFI Group, which plans to register as a swap execution facility.
"Swap execution facility," not so much.
L. 110 246, § 13203 j)(2), (3), substituted "contract market, derivatives transaction execution facility, or electronic trading facility" for "contract market or derivatives transaction execution facility" wherever appearing.
having trading privileges on the registered entity or derivatives transaction execution facility.
Institution staff will be trained in infectious disease prevention practices and utilize appropriate precautions in cleaning up the Execution Facility.
Similar(8)
"Making the information available is the most important part of creating the swap execution facilities," said Walter Dolde, a finance professor at the University of Connecticut-Stamford and a former executive at Lehman Brothers and Citibank.
The S.E.C.'s five commissioners unanimously agreed to propose the new rules for execution facilities.
The S.E.C.'s proposed rules for swap execution facilities somewhat track those proposed by the Commodity Futures Trading Commission.
Such profits will fall as more swaps trade on swap execution facilities under the new rules.
The agency's proposal would invite a range of trading platforms to become swap execution facilities.
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CEO of Professional Science Editing for Scientists @ prosciediting.com