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CFTC Is Away as New Swap Rules Take Effect

| Regulation

Katy Burne and Geoffrey T. Smith of the Wall Street Journal report on issues market participants faced as just a fraction of CFTC staffers were at work on Wednesday, October 2; a result of the partial government shutdown. The article features commentary from Tradeweb CEO, Lee Olesky on concern in the industry caused by the shutdown on the day that swap execution facilities (SEFs) were launched. The article also notes that Tradeweb saw flows from firms both in and outside the U.S.