Regulatory Alerts2020-07-24 | 2020-14343Post-Trade Name Give-Up on Swap Execution Facilities
The Commodity Futures Trading Commission issued a final rule prohibiting swap execution facilities from disclosing the identities of counterparties after swaps are anonymously executed and intended to be cleared. The regulation includes an exception for package transactions involving components that are not cleared swaps, such as U.S. Treasury swap spreads. This measure aims to promote fair competition, impartial access, and pre-trade price transparency by removing barriers to participation for buy-side firms concerned about information leakage.
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