Sefs, Shutdowns and No-Action Confusion
| Regulation
Risk reporter, Peter Madigan reports on the confusion caused by the last minute no-action relief letters on SEF trading from the CFTC right before the government shutdown. The article quotes Tradeweb CEO, Lee Olesky on the no-action letters on FCM obligations. The piece also notes that the Tradeweb SEF platforms successfully completed their first derivatives trades by October 3.