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Comment: SEFs Face New Challenge

| Regulation

 In a Financial Times opinion piece, Tradeweb CEO, Lee Olesky comments on the transition of derivatives trading to swap execution facilities (SEFs), and the made available to trade (MAT) process for determining which swaps should be traded on SEFs. Olesky discusses his view that while reform has been a catalyst for driving an orderly transition of derivatives trading to electronic platforms, regulators should be in charge of determining MAT swaps rather than market operators.