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SEF Compliance Delay

Douwe Miedema, Reuters, Regulator may delay swaps trading platform compliance, here. Bloomberg and Tradeweb so far.

Some 20 companies are setting up a so-called Swaps Execution Facility (SEF), an untested type of trading platform designed to make the $630 trillion swaps market less opaque, and end the practice of privately negotiating deals.

They must comply with the new rules by October 2, but the regulator, theCommodity Futures Trading Commission, has so far only approved two companies as a SEF.

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