CFTC Commissioner O'Malia Focuses on Swap Execution Facilities at 12th Technology Advisory Committee

The CFTC is training its sights on increasing buy-side participation on swap execution facilities (SEFs), according to remarks made Tuesday by CFTC Commissioner Scott O’Malia. At the 12th Meeting of the Technology Advisory Committee (TAC), Commissioner O’Malia underscored the importance of testing the impact of the CFTC’s SEF rules, and encouraged TAC members who operate SEFs to share their experiences.

“I would like to know whether the Commission’s rules have created a barrier to trading on SEFs and are forcing market participants to turn to alternative execution solutions,” O’Malia stated at the gathering.

O’Malia called upon Tod Skarecky of Clarus Financial Technology to provide an overview of SEF trading to help the Commission identify the recent developments in trading, as well as Wendy Yun, Managing Director, Goldman Sachs Asset Management and Michael O’Brien, Director of Global Trading, Eaton Vance, to provide the buy-side perspective.

To read O’Malia’s complete remarks, click here.